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I’d like to share an anecdote from my personal life which is quite relevant to the world of finance, inflation, and economics. Specifically, I am endeavoring to purchase a house in Durham, North Carolina. I don’t intend to live there (well, hardly ever). It’s an investment property.
Before I dive into my experience, I present to you a trio of charts that SlopeCharts was kind enough to provide. First is the price index in Durham since the late 1970s, which is up hundreds of percent.
I would like to offer a possibility which I certainly hope is not the case, but I shall put it forward anyway. Here is my so-called MICE chart (which I dubbed, perhaps as a misnomer, Most Important Chart Ever) which is the S&P divided by the prevailing interest rate. I have adjusted the channel to incorporate all the moves in recent years.
Every single item on my futures watch list is deep in the green today, which is annoying with some important exception: gold. Here we see GLD has mustered past its most recent (albeit small) basing pattern and is chipping away at that Ukraine Peak (which formerly had pushed futures to nearly $2100):
It’s a pretty “blah” day so far, and I strongly suspect will end as such, so I thought I’d spend the time sharing something I rarely share, which is my positions spreadsheet. It’ll give me something to talk about (click for a more readable version):
