Well, I won’t back down
No, I won’t back down
You can stand me up at the gates of hell
But I won’t back down
No,
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Blog Archives
I Won't Back Down - Powell and Yellen versus Wall Street
by 
Gary Carmell
Posted in COVID 19, Economy, Housing, Interest Rates, Investing, News, Stock History, Stock Market
1 Comment ↓
Gary Carmell
Posted in COVID 19, Economy, Housing, Interest Rates, Investing, News, Stock History, Stock Market
1 Comment ↓
GamePop and the Lollapalooza Effect
Here is GameStop’s stock price chart for one month. Setting aside that it was up 62% for the time and day when I captured this screenshot, it’s up over six times during this one month period. And at its peak, it was up about 10 times!
Now let’s look at a three-month view and the meteoric rise can be put in more perspective.
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Let's Get Real
by Gary Carmell
Posted in COVID 19, Economy, Interest Rates, Investing, Manufacturing, News, Stock Market, Trends, Uncategorized, Wealth
1 Comment ↓
Gary Carmell
Posted in COVID 19, Economy, Interest Rates, Investing, Manufacturing, News, Stock Market, Trends, Uncategorized, Wealth
1 Comment ↓
The jobs report released on Friday was disappointing.
Disappointing Job Growth
Perhaps the report shouldn’t have been such a surprise on the downside based on this chart.
It would appear that job seekers are less confident about their prospects as they have significantly reduced their searches.
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Confucius Say Beware of Superspreader
by Gary Carmell
Posted in Economy, News, People, Personal, Stock Market, Uncategorized, Wealth
1 Comment ↓
Gary Carmell
Posted in Economy, News, People, Personal, Stock Market, Uncategorized, Wealth
1 Comment ↓
With China having gotten a lot of heat for Covid-19 I thought I would end this post with advice that I think one of its great philosophers would have given had he been alive today. Confucius lived between 551-479 B.C. According to Wikipedia,
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A Leap Over Normality - Our New Abnormal
Last week was a crazy week preparing for rent collections this week as well as going through in great detail the safety precautions we are taking to do our best to keep our employees and residents safe. That is why this blog is shorter than normal.
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Interest Rates: Lower for How Much Longer?
“We’re not thinking about raising rates —
we’re not even thinking about thinking about raising rates,”
Jerome Powell during 6/10/20 press conference
With interest rates at record lows, this is a time when many people are strongly considering locking in long-term,
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The Positives of Being Negative
Ok, let’s get this out of the way first since this blog has a subliminal purpose of being a diary for major economic and financial milestones so this is one I can’t ignore.
Now to the subject at hand.
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Follow the Herd: Why COVID19 End Game Needs Herd Immunity
I’m not one to typically advocate following the herd but in the case of the coronavirus, I am having a hard time seeing an end game that doesn’t have herd immunity as the ultimate goal. And this could take a long time and lead to a lengthier economic contraction (to put it mildly) and even more massive federal intervention through government spending and Federal Reserve support of financial markets.
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This Ain't No Party. This Ain't No Disco. This Ain't No Fooling Around
by Gary Carmell
Posted in Economy, Interest Rates, Investing, News, People, Stock Market
1 Comment ↓
Gary Carmell
Posted in Economy, Interest Rates, Investing, News, People, Stock Market
1 Comment ↓
The title of this blog is from the Talking Heads song Life During Wartime. Maybe I should have called it Life During Quarantine instead but we are definitely on a wartime footing. If you don’t think so then maybe these charts might help convince you as financial markets are the most real-time indicator of investor sentiment and discounting the future to ascertain how investors react to key events.
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COVID-19, Catch-22, Treasury-117
With over $6 trillion in global stock market losses in one week, it’s clear that investors have woken up to the real risk that the coronavirus is not contained, somewhat akin to the subprime crisis that Ben Bernanke famously said was and led to massive financial losses around the world.
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