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Lessons from King Lear with a Little Kurt Vonnegut Thrown In

King Lear

“I am a man more sinned against than sinning”

William Shakespeare, King Lear 

Last week’s events made me think about how important it is to understand people’s personality profiles if you are going to be relying on them.

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Feliz Covidad - My End of 2020 Rant!

“Oh what a tangled web we weave.”

-Sir Walter Scott

With 2020 in the rearview mirror, we would all love to put Covid behind us. Unfortunately, the virus doesn’t work on a calendar.

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Let's Get Real

COVID19 Vaccine Stimulus Jobs Numbers

The jobs report released on Friday was disappointing. 

Job growth has seriously slowed - economists react to 'disappointing' November employment report December 4, 2020

Disappointing Job Growth

Perhaps the report shouldn’t have been such a surprise on the downside based on this chart.

Meager Bounce for Job Hunting Searches in November 2020 Oct 1, 2019 - Feb 1, 2021

It would appear that job seekers are less confident about their prospects as they have significantly reduced their searches.

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A Shattering Experience

Gary and Roneet Carmell

Saturday marked the second anniversary of Roneet’s passing. In many ways, it’s still hard to believe. And yet, because of her passing and all of the adjustments that I have had to make, quite a bit has changed as well. Early on I said that I never intended to move on but to move forward.

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Cheap Trillion Dollar Insurance

stimulus Cheap Trillion Dollar Insurance

I’ve been pleasantly surprised so far with regard to how well our rent collections have held up since the onset of COVID and the corresponding economic carnage. On average, we’ve been collecting across our portfolio about 98% of what we have billed.

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Confucius Say Beware of Superspreader

Confucius Say Beware of Superspreader

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 Brutal Dichotomy: Time For Another Meaningful Stimulus?

Brutal Dichotomy: Tightening Fed Stimulus

Fiscal stimulus has now started to contract while the Fed’s monetary support for the economy has tightened quite significantly over the last three months. See what the following charts show:

U.S. Fiscal Thrust Policy Expansionary Policy Contractionary Stimulus

Fed Balance Sheet Impulse 10-2020 Stimulus

The following is from The Washington Post and shows how significant the support for the unemployed has been and how it will drop materially if no stimulus package is passed.

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The Fed's New Inaction Function

Federal Reserve inaction

Fed Approves Shift on Inflation Goal

Federal Reserve Chairman Jay Powell officially altered the Fed’s reaction function during his virtual speech given for the annual Jackson Hole conference. More accurately he articulated its inaction function. Rather than being trigger happy to tighten monetary policy and raise interest rates as inflation reaches 2%,

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The Enemy of My Enemy Is my Friend

Israel UAE Peace

Last week I discussed the horrific explosion in Beirut. This week I’m staying in the Middle East and will focus on the big news that Israel and the United Arab Emirates have agreed to establish formal diplomatic relations. And while there were many indications over the last couple of years that the two countries were not only starting to cooperate but developing ever closer relations,

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Blast to the Future

Beirut Blast @michaeltanchum

World's Top 5 Most Powerful Explosions

What happened in Beirut was absolutely horrific. As the graphic above shows, it is considered to be the most powerful non-nuclear explosion in history. To put the power of the blast in context, the Oklahoma City bombers used two tons of ammonium nitrate while Beirut’s ignited approximately 2,750 tons! 

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