Wall Street is flirting with reclaiming record highs, but a rocky ride may be ahead as stock volatility has been 25% higher in October on average since 1928 according to Goldman Sachs. The U.S. Treasury market is flashing a classic recession signal called the “inverted yield curve.” This is where
What a whirlwind! My daughter, who has been dating a very nice young man for the last five years, asked us to go on a family trip to Vancouver at the beginning of the month. The night we got there they surprised all of us by announcing they were getting
If you asked one hundred people on the street if they understand how a refrigerator works, most would respond, yes, they do. But ask them to then produce a detailed, step-by-step explanation of how exactly a refrigerator works and you would likely hear silence or stammering. This powerful but inaccurate
The tune of the National Anthem was originally used as an English drinking song called “To Anacreon in Heaven.” Cheers…and Happy 4th of July! U.S. economic growth depends heavily on the performance of individual states. California, for instance, in 2017 was the fifth largest economy in the world, boasting a
Hard to believe but 10 years ago, Walter Cronkite, Paul Harvey and Michael Jackson all died. Equally hard to believe, 10 years ago Nick Zech joined CDC Commercial – Happy Anniversary Nick! Who would have thought back 23 years ago with four kids under the age of seven and naming the
“You’re always going to have critics and naysayers and people that are going to tell you that you won’t, that you can’t, that you shouldn’t. Most of those people are the people that didn’t, that wouldn’t, that couldn’t.” ~ Tim Tebow I have been fortunate
“The difference between death and taxes is death doesn’t get worse every time Congress meets.” – Will Rogers April Fool’s Day also called All Fool’s Day, dates back to 1582 when France changed from the Julian calendar to the Gregorian calendar. People who were slow to adapt or get the news
A Scot, a Muslim, a German and a Jew play golf and go to the bar afterward. They play, they talk, they laugh, they drink and become good friends… It’s not a joke. It’s what happens when you play golf! I say this because I recently received an email from
In 1929 in Chicago, gun men in the suspected employment of organized crime boss Al Capone murdered seven members of George “Bugs” Morin’s North Siders gang in a garage on North Clark Street. The so-called St. Valentines Day Massacre stirred a media storm centered on Capone and his illegal prohibition
Wow! What a year? Hang on to your hat because 2019 is going to continue the wild ride! People ask me all the time, “what about the interest rate increase?” For the most part, I tell them commercial real estate doesn’t get affected the same way as residential. That is
In my July letter, I linked to some extra credit reading ZeroHedge.com about the Fed overstating U.S. jobs by about 800,000. Most thought, this just cannot be possible.
