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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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Wading into Turbulent Waters

Black Lives Matter equality for all

Turning and turning in the widening gyre   

The falcon cannot hear the falconer;

Things fall apart; the centre cannot hold;

Mere anarchy is loosed upon the world,

The blood-dimmed tide is loosed,

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Revisiting the Spanish Flu: What Can a Dire Pandemic Look Like?

Pandemics

I’m admittedly obsessed by pandemics. I’ve been listening to the course on the Black Death via the Great Courses, I was in China at the tail end of SARS in 2003 and was intensely focused on what life was like during that time there, and of course,

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Finding the Bottlenecks and Pain Points

removing bottlenecks

CWS has a sister company that focuses on corporate housing. They provide temporary housing for business people, interns, long-term, special projects for companies, etc. I am one of the advisory board members and it’s been such a treat to see how the company has grown and prospered over its 25 years in business.

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Random Musings and Wonderful Memory Triggers

Memory Musing

This is one of those weeks where I don’t have anything pressing I feel I need to convey or work through to gain clarity so I thought I would share some random thoughts related to the coronavirus, surveying data, economic reports, and a health tip. 

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