How a liberal learned to respect conservative thinking and accept the fact that, yes, the right is happier than the left By Catherine Caldwell-Harris Photo by Jessica Scranton What It Means When You Dye Your Hair Purple Should a something information technology specialist, by all accounts a competent employee, be able to dye her long, wavy brown hair purple without getting grief from management? That question was at the heart of the conversation at a recent dinner for a group of intelligent and age-diverse women. Download the complete MP3
I mentioned in my email to you yesterday that this series will start with a bang, and the following fact certainly hit me like a ton of bricks: Anyone who started investing after has never experienced a bear market in Treasuries. St Louis Fed The secular decline in bond yields is one of the most definable trends in financial markets, and also one of the most important.
As you know, US Treasury yields are the bellwether for global interest rates. Almost every market and asset class in the world is affected by them. At every opportunity, I like to point out that interest rates are the cost of money.
The repayments were no fun, but I was one of the lucky ones who could actually afford to borrow money at that time. Those rates created an insurmountable hurdle for most entrepreneurs, and banks were not willing to lend like they are today.
In the 36 years since then, the cost of money has fallen sharply—and demand for it has skyrocketed. Corporations have borrowed huge amounts of debt to fund stock buybacks and increases in their dividends.
Jeffrey has had an ultra-successful investment career and has been spot-on with market timing, especially in He has called the direction of Treasuries and the US dollar, to almost the exact tick.
The below chart from a recent presentation Jeffrey gave shows this. DoubleLine Funds By this measure, the global economy is in a synchronized upswing for the first time in a decade—and the short-term outlook is positive. Leading economic indicators in all major regions are flashing green.
This is good news for everything, except bond prices. Higher economic growth means more demand for credit, which drives up its cost. In this case, the cost is interest rates. This relationship between economic growth and interest rates is why, over time, bond yields track nominal GDP growth.
The below chart from the recent presentation by Jeffrey shows that when the 7-year moving average of nominal GDP growth is higher than the US year Treasury yield, yields should rise. The current setup suggests that bond yields should now be rising.
DoubleLine Funds I have my doubts about the sustainability of growth in the US because of the rising debt burden and anemic growth in productivity and the working age population.
With these headwinds, I believe it will be almost impossible to achieve sustained growth, like what we experienced in the s. However, I concede that growth could continue to rise over the next 2—3 years.
An arch enemy returns to the fray In his December webcast, Jeffrey gave his thoughts on the current inflation numbers: If [inflation] continues to rise, the Fed would have ample reason to follow through on its indicated three rate hikes in Despite the best efforts of central banks, inflation has remained largely absent from the US and other advanced economies over the past decade.
Inflation, as measured by the CPI, is on track for its highest annual growth rate since It is also at multi-year highs in Europe, the UK, and Japan. This gauge captures sustained movements in inflation from information contained in a broad set of price, real activity, and financial data.
New York Federal Reserve We know that inflation erodes purchasing power. Therefore, if it continues to rise, bond yields will have to move higher to meet investor expectations.Humans have struggled throughout the centuries with the complexity and ambiguity of our humanity.
The question of what we are as humans is a difficult one and does not have an easy answer.
By George Lakoff Donald Trump is winning Republican presidential primaries at such a great rate that he seems likely to become the next Republican presidential nominee and perhaps the next urbanagricultureinitiative.comats have little understanding of why he is winning — and winning handily, and even many Republicans don’t see him as a Republican and are trying to stop him, but don’t know how.
The Origin of Philosophy: The Attributes of Mythic/ Mythopoeic Thought. The pioneering work on this subject was The Intellectual Adventure of Ancient Man, An Essay on Speculative Thought in the Ancient Near East by Henri Frankfort, H.A.
Frankfort, John A. Wilson, Thorkild Jacobsen, and William A. Irwin (University of Chicago Press, , -- also once issued by Penguin as Before Philosophy). by John Mauldin. Thank you for visiting the homepage of this five-part series on the individuals and ideas shaping my worldview.
I have gained a lot of knowledge from these truly great minds, and the purpose of this series is to share what I have learned with you, my readers. The Dynamics of Transformation: Tracing an Emerging World View [Grant Maxwell] on urbanagricultureinitiative.com *FREE* shipping on qualifying offers.
"Remarkable and nearly unique in its mastery and scope. There is a poetic sense behind the text that draws the reader along with pleasure." Allan Combs.
First you don’t hear other views. Then you can’t trust them. Your personal information network entraps you just like a cult.