Gary Carmell
Posted in Advice, Economy, Interest Rates, Investing, News, Uncategorized, Wealth
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A blog for the curious skeptic –
There’s nothing new under the sun
(or at least very little)
I’m a big fan of newspaperarchive.com. I have a rather anti-social hobby of often going back and reading old newspaper articles. Occasionally I come across some worth sharing. The following is one written on March 18,
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With this week’s blog, I will inevitably get drawn into the morass of politics by reposting this tweet from X.
Ignoring the typo in which “is” should have been “his” the post made me wonder about the paradoxical intersection between intelligence and ignorance.
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I’m on a bit of a slippery slope here. I take pride in producing a weekly blog almost without fail for the past 12 years. There are times when I am scratching my head for ideas or not feeling super inspired to write.
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I can’t believe I’m saying this but I kind of miss the days when interest rate concerns were at the forefront of investor concerns, including mine.
Now it’s been replaced by trade and tariff fears.
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Last week Heather and I made our annual pilgrimage to the BNP Paribas Open at Indian Wells near Palm Springs. We also have the great pleasure of being members there as well so we truly understand why it’s known as Tennis Paradise.
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In a recent blog post I wrote about Trump moving (abandoning?) away from Ukraine as Europe’s Sputnik moment. Germany and France, the two biggest economies in Europe, no longer believe that the United States can be counted on to defend Europe so it’s now imperative they take far more control of their own destiny and not put Europe’s fate in the hands of the United States.
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Gary Carmell
Posted in Economy, Interest Rates, Investing, News, Real Estate, Stock History, Stock Market, Uncategorized, Wealth
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Note: I was so absorbed in writing this blog while waiting for my connecting flight home at the Phoenix airport that I only realized after it was too late that I was at the wrong gate and that my flight was changed to a different gate in another terminal.
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President Trump’s meeting with Vladimir Putin and his vitriol against Ukrainian President Zelensky is a Sputnik moment for Europe. On October 4th, 1957, the Russians launched the world’s first artificial space satellite. This achievement was an enormous shock to the United States as the country’s leaders and scientific and military experts thought the U.S.
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Last week was so devastating for those who lost their homes in the LA fires. This satellite image and analysis done by Microsoft of an area of Pacific Palisades shows over 2,000 buildings that were damaged or destroyed, with the vast majority being residential.
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Last week was a very bad week for the bond market, with some reprieve on Friday after a better-than-expected inflation report. This is a 5-day chart for the 10-year Treasury. Yields shot up by 0.20% after the Fed cut rates on the 18th and in the aftermath of Jay Powell’s press conference.
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