I think this chart is what keeps Jay Powell up at night. If he were convinced beyond a reasonable doubt that we were still in the same low inflation regime that had been present for decades prior to Covid,
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Blog Archives
From Housing to Labor and Back Again
by 
Gary Carmell
Posted in Apartments, COVID 19, Economy, Housing, Interest Rates, Labor, News, Real Estate
No Comments ↓
Gary Carmell
Posted in Apartments, COVID 19, Economy, Housing, Interest Rates, Labor, News, Real Estate
No Comments ↓
Powell's Conundrum: Demand and Supply
by Gary Carmell
Posted in Economy, Housing, Labor, Manufacturing, Real Estate, Stock Market
1 Comment ↓
Gary Carmell
Posted in Economy, Housing, Labor, Manufacturing, Real Estate, Stock Market
1 Comment ↓
In my 35 years working at CWS and the years before that in college, when I first started taking economics classes, the most common term to find the equilibrium to determine optimal price has been “supply and demand.” I have also come to learn that words matter,
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Labor, Housing, and Fed Policy
It’s becoming even more clear that in order to stifle inflation, the Fed is going to have to induce a recession.
The following chart shows that it takes a recession to stamp out inflation or bring it down even more,
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Laboring over Labor
We finally had a CPI report that the market responded favorably to. The prior six releases led to market losses. Last week’s report led to a nice gain.
As an aside, this chart shows how incredibly fast margin debt went up and now down during the bear market that just took place.
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