Thoughts on early or late repayment of a mortgage
All of those efforts produced retirement savings that allowed us to retire
interest rates
What makes the stock market tick?
In economics, interest rates act as gravity behaves in the physical world.
What to make of economic and market forecasts
We do not have, never have had, and never will have an opinion about where the stock market, interest rates, or business activity will be a year from now
The Joy of ‘higher for ever’ interest rates
The combination of a Treasury Note Real Yield of roughly 2% today and Inflation Expectations of roughly 2% is the best and most benign it has been since the 1970’s when inflation caught fire.
A business plan that depends on leverage
Mortgages on income properties will permanently reset to a higher level
The danger of too low inflation
Prior to Covid the neutral interest rate had continued its long decline
The economy and the stock market
We do not have, never have had, and never will have an opinion about where the stock market, interest rates, or business activity will be in a year from now
The relationship between stock prices and interest rates
Any prediction based on models can be overwhelmed by what happens in the real world
What to make of declining bond yields
The investor does not have to be an expert in macro-economic theory.
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