The Family Firm Blog

Audio from our May 3, 2022 Investment Conference Call

Posted by Nate Gendelman on 5/5/22 4:47 PM

For those of you that were unable to join us Tuesday night,  please click the Play button below to listen to our investment conference call where we discuss potential paths for interest rates and the effects on housing and investment portfolios. 

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Audio from our February 10, 2022 Investment Conference Call

Posted by Nate Gendelman on 2/11/22 4:48 PM

For those of you that were unable to join us last night,  please click the Play button below to listen to our investment conference call where we discuss the recent high rate of inflation and how this may affect the economy and our portfolios.

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Year in Review – 2021

Posted by Nate Gendelman on 1/21/22 10:57 AM

Year in Review – 2021

Despite the desire to leave the pandemic behind, it continued to permeate virtually every aspect of our lives. Individuals, businesses, and governments strove throughout the year to adapt to changing circumstances. Investors were also forced to ponder the effects of the pandemic and to contemplate the ultimate effects on society and finance.

Governments continued to spend lavishly to ameliorate the economic suffering. The Federal Reserve maintained its zero percent interest rate policy and flooded the economy with liquidity. The twin efforts were probably most responsible for the strong moves in investment markets. In addition to the tangible impacts, Federal Reserve pronouncements and policies sent investor confidence soaring to stratospheric levels.

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The economy gained 6.5 million jobs in 2021 - by far the most on record.

Posted by Nate Gendelman on 1/14/22 11:06 AM

Lost in all the doom and gloom about the recent spurt in inflation is an emphasis on the most impactful cause:

The economy gained 6.5 million jobs in 2021 - by far the most on record. The unemployment rate plummeted, much faster than had been anticipated. And so yes, the economy recovered faster than was anticipated and some shortages developed. Including most importantly, of labor.

And yet despite the elevated inflation readings, interest rates have remained stunningly low, supporting the financial markets as we see every day.

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The OECD predicts inflation of over 4% in the US - in 2022

Posted by Nate Gendelman on 12/24/21 11:10 AM

Gradually, the economic gurus are coming to admit that calling inflation "transitory" was mistaken/misleading. The OECD is now predicting inflation of over 4% in the US - in 2022!!. No policymaker could credibly still categorize a 2 year spurt in inflation transitory.

The fact that predictions and forecasts made now are pre-omicron does not change the overall trajectory and the sense of alarm investors should be feeling now.

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Manufacturing sector of the economy is booming

Posted by Nate Gendelman on 11/2/21 4:49 PM

Despite the incessant and excessive hype concerning supply chains, the simple fact is that the manufacturing sector of the economy is booming. Perhaps it has called a bit over the past year, but still....these are good times and the pundits will have to search harder for reasons for despair.

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Recent economic data are moderately encouraging

Posted by Nate Gendelman on 10/4/21 4:51 PM

Recent economic data are moderately encouraging from the stock/bond perspective. Consumer spending is still fairly strong, although moderating....and ditto for inflation.

It still is possible that when/if? the virus recedes in the coming weeks, consumer spending will surge as it did earlier this year. However, to me, this seems unlikely.

The impetus from the federal government will lessen significantly. It also seems reasonable to me that many, after seeing the over-promising of "life-to-normal" as a result of vaccines, will adopt more of a wait-and-see approach this time around.

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Home prices surge over 14% from last year

Posted by Nate Gendelman on 7/1/21 5:06 PM

Fueled by low interest rates and scant supply, the price of homes continues to surge. The rise of 14.6% over the year ended April marks the highest price rise since the S&P Case-Shiller index began 34 years ago.

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Year in Review – Twelve Months ended March 31st, 2021

Posted by Nate Gendelman on 4/14/21 2:28 PM

Year in Review – Twelve Months ended March 31st, 2021

The pandemic had momentous impacts on every aspect of our lives. In addition to the tragic human toll taken by the virus, the economic and financial effects were felt throughout the year, and will be for many years to come.

The virus and the lockdowns produced a stunning economic collapse in spring 2020. The nosedive led to numerous governmental responses. The Federal Reserve cut interest rates and flooded the economy with liquidity. Additionally, the fiscal response was breathtaking in its magnitude and scope. Although most of the measures were ostensibly taken to support the economy, in the end the greater effect was on the financial markets. Government support and Fed policy probably had more influence on asset prices than factors such as economic health, corporate developments, or the elections.

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Find Your Unclaimed Property

Posted by Adam Van Deusen on 4/7/21 12:59 PM

Find Your Unclaimed Property

Are you the kind of person who likes finding coins in the couch cushions? Or do you have a feeling you had an account in the past but can’t quite remember what happened to it? If so, then you might want to check out your state’s unclaimed property database.

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