I subscribe to The Daily Shot which is an economics and finance-oriented site that aggregates a tremendous number of charts to give investors a great visual overview of key aspects of the economy, both domestic and global, as well as financial markets.
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This blog post was inspired by one recently written by Dilbert creator Scott Adams. He is such a brilliant guy and was so right about Trump that I will forever hold him in the highest of esteem.
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First of all, kudos to the tremendous participation among Americans in the electoral process. This election galvanized Americans into participating in the democratic process. Love or hate Trump; there is no question that he is a catalyst for stirring emotions and action.
It was fascinating to see how markets reacted as information was released related to the election.
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The following chart shows that people are the most comfortable returning to work within a month or less as compared to other activities. The percentage is 65% so there is still a substantial minority who are still concerned about returning to their previous work environment.
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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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Gary Carmell
Posted in Economy, Interest Rates, Investing, Trends, Uncategorized, Wealth
No Comments ↓
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:
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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A couple of weeks ago, I had the pleasure of traveling to Alaska for a small CWS planning meeting on a private boat. To enter Alaska without being quarantined, one had to prove he or she tested negative for COVID, which fortunately I did.
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Over the past year or so I’ve been writing a lot about tennis and how it has taken on greater importance as it has enriched my life in many areas. It has improved my health, particularly my endurance, it’s been a catalyst for creating new relationships,
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There is understandably a lot of fear, trepidation, and obsession about death and mortality. When I find myself inspired to think more deeply about particular subjects, I often find myself going back to some of the world’s great philosophers. In this case, I turned to Socrates who had an interesting perspective on death.
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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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