Ulti

https://www.cnn.com/2023/01/13/opinions/us-economy-recession-achuthan-banerji/index.html

I have a question , which probably comes from ignorance. Why is the fed so focused on the employment rate ? I understand that Congress has just passed a multibillion $$ infrastructure bill which will seem to keep unemployment lower for many years to come. In addition, with demographics and a poor immigration policy, it just seems that jobs will be harder to fill in the coming years. Maybe this inflation is transitory as originally diagnosed.. I'm sure there is some economic bookworm formula that equates low unemployment with high inflation and that's why they are so focused... but haven' there been periods in history with low unemployment\low inflation ? It just looks like if employment is their focus, the Fed has got a long road to go.

Back at ya … I miss the days of wearing the leather belt… And I hope you enjoy Swanson this year … he was my favorite player from last year and is awesome to watch

Swimming....swam 7000 meters for the local NYE masterswim at 4am this past Saturday Kettlebells ... Back in my ooold days use to be like you cubsfan; switched over to full range of motion under load with bells 15 years ago. Biking ... Like SD, computrainer zwift etc.; but still like the skinny bike seat. Wok... love to make quick healthy meals for myself and the wifey.

Up 2% for 2022 Gains: Brkb , Rio, Joe ,Nee, ,Apts,Atco, Aiv Ctra ( both small gains ) Loss: Vet,Shittybank , Vwinx ( in wife's restricted to mutual fund account) Got out with small losses in Meta, Kind... ( still learning about renting vs owning ). Thanks again to everyone for the education this year ( esp. in RE and Commodities).

https://calculatedrisk.substack.com/p/case-shiller-national-house-price-f18 Go Miami... And a good read on housing. Miami, Tampa, and Charlotte reported the highest year-over-year gains among the 20 cities in October. Miami led the way with a 21% year-over-year price increase, followed by Tampa in second with a 20.5% increase, and Charlotte in third with a 15% increase. All 20 cities reported lower price increases in the year ending October 2022 versus the year ending September 2022.

I think NATO defense spending had been going up prior to the invasion… just as with energy, they are at least making the difficult choices and realize the errors of their ways. https://www.mckinsey.com/industries/aerospace-and-defense/our-insights/invasion-of-ukraine-implications-for-european-defense-spending

A slight tangent from the original post but an excellent interview with John Spears where he discusses Buffett Graham Schloss etc. https://podcasts.apple.com/us/podcast/rwh019-winning-the-long-game-w-john-spears/id928933489?i=1000591213142

Yep Tim Burton hasn't lost a step

https://www.advisorperspectives.com/articles/2022/12/19/jeremy-siegel-the-excessive-bearishness-is-great-for-equity-investors

https://podcasts.apple.com/us/podcast/the-price-cap-on-russian-oil/id1081481629?i=1000590062383 Excellent explanation of all things concerning Russian price caps, future price caps on refined products coming up in Feb'23, etc by Columbia Energy Exchange

https://podcasts.apple.com/us/podcast/the-economics-of-the-energy-transition/id1081481629?i=1000589100097 Oxford egghead on where the cost savings on energy transition is going.

recorded in November https://podcasts.apple.com/us/podcast/kathleen-mccarthy-on-real-estate-investments/id730188152?i=1000589659002 Global co-head of Blackstone RE

Dalio interview https://www.businesstoday.in/magazine/bt500-indias-most-valuable-companies/story/competing-in-markets-is-tougher-than-the-olympics-says-market-maestro-ray-dalio-355359-2022-12-07

I think Currie from GS touched in this and said that energy infrastructure buildout also helped tame the dragon

Good for us.

I haven't checked lately .. is that what your finding around the panhandle..... I remember almost buying a house in Grayton beach for around 300,000 to 400000 in 2008......(And yes I'm an idiot). I have buddies building below Amelia a 3-2 for about 875000.

https://www.miamiherald.com/news/business/real-estate-news/article269396722.html U.S. government to back mortgages of $1M in priciest areas. How about South Florida?

http://brklninvestor.com/blog.php old Brooklyn investor comments on Japanese equities

https://www.yahoo.com/finance/news/us-seeks-halt-oil-sales-191744937.html SPR buyback plan

https://www.yahoo.com/finance/news/blackstone-limit-withdrawals-giant-real-155132626.html

Vacancy rates have begun to improve from long-time lows, which will help rent growth further moderate. However, rents are expected to set a new high in 2023. This looks good for MF I waffle on this.. If the fed is forced to stimulate by decreasing interest rates, I can't help but think that housing will go up. But what do I know.

https://www.realtor.com/research/2023-national-housing-forecast/

That is so sad… As someone who is familiar thruout the years with a the subject.. so much good can be done spending the money on therapy/ mental health..I wonder how much support this idea gets from the Cali governor

https://www.drorpoleg.com/airbnbs-double-disruption/ Might be a bit of an off topic but I found it interesting that they want to get into the MF\housing area