7 Macro Trends I’m Watching and Their Impact on Inflation
We're facing an inflationary future--demographic decline, climate change, and rising debt will overwhelm the deflationary impact of AI and robotics.
Akash Kanojia
Does Your Work Encourage Truth-Telling?
Kalen’s Story
I had a conversation with a corporate manager recently who was dissatisfied with the firm’s remote/in-office policy. The company mandated two days a week in the office but many people weren’t coming in with that frequency. This manager (let’s call him Kalen) often
Do You Celebrate Your Financial Wins?
When most people reflect on their financial life, they tend to focus only on the things that aren’t going right—I’m not making enough money, I’m not saving enough, I have a payment coming due, et cetera. This is normal and part of human nature—the survival
Decoding the Dialogue: What Are Your Inner Voices Saying About Money?
Having helped many people work through limiting beliefs around money, I've realized that it's never one limiting belief or one painful emotion that blocks people. Usually there's an entire chorus of emotions, which I'll call "voices," clamoring for attention.
Here
So how about that rate cut?
TL;DR – I don’t expect the Fed will make any change to interest rates before the election.
I’ve been saying for a while that people baking in three rate cuts this year are engaged in wishful thinking, and that the risk that we won’t get even one
20 questions I ask myself when looking at financial statements
A friend recently asked me what I look for when evaluating company income statements and balance sheets. This is an area where I've reached unconscious competence so I never thought about it before.
Here's a sketch of what's going on in my head when
5 Questions (and 9 charts) on the current state of the U.S. housing market
Several Fed officials have referred to the role of rent increases in the overall inflation picture. There’s also a lot of uncertainty in home purchase markets, what with the direction of inflation as well as the impact of higher rates. Some people say there’s a housing shortage; others
How to get over the fear of making a financial mistake
tl;dr - Go make a small financial mistake.
Fear of making mistakes is a common emotion. It shows up in all areas of our life, but it's especially pernicious in the world of finance.
The consequences of being afraid
Time is money. And time is something we
Fedwatching: Some thoughts on yesterday's CPI report
Yesterday's CPI report came in higher than expected at 3.1% annualized through January, prompting a selloff in stocks and bonds. Stocks were down ~1.5% and bond interest rates climbed ~0.10-20%, concentrated in the 3-5 year range.
Overall, I interpret this report as a warning sign
Fedwatching: Kugler on the Outlook (7 Feb 2024)
Fed Governor Adriana Kugler gave a video address to the Brookings Institute last week, sharing her thoughts on the outlook. Here are my takeaways:
* Kugler struck me as marginally more hawkish than others on the FOMC. She repeated comments and phrases from several of her colleagues, stating that monetary policy