My inbox is filling with doom-forwards.
Contacts are asking for quick calls to discuss strategy.
UK Pensions nearly blew themselves up.
Remember : worry has never changed outcome
Prepare : know what you want to buy
Watch.
Patiently.


The yield curve, and net yields in the real estate market, are indicating we have a ways to go with price adjustments.
At present, stocks down ~20% and my zip code’s real estate 10% off the peak.

Seems pretty close, now (6.7%)
If you’re a cash buyer then the psychological pain of waiting is being reduced.
Any USD Money Market Fund is yielding better returns than you can remember (VMFXX 2.8% on Monday).
I know inflation is a multiple of that but financial psychology isn’t rational – nominal yields matter to the marginal buyer.
My advice:
- Let it unfold
- Enjoy life
- Share experiences with friends and family
Be prepared to “give back” paper gains as the interest rate adjustment works through the global economy.
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