Insights
Letters to Stakeholders — the macro view, written down monthly
A monthly letter on the macroeconomic forces reorganizing the global economy — published without a gap since 2020.
71 published · page 5 of 6
Private Investments vs Public
Read or Listen: Tuesday, October 11th, 3:56 pm EST. This is what they want. A stock market that’s cold, a housing market that’s cooling and (eventually) an economy that’s near frozen. And it’s not happening fast enough for them. For a long time, we have…
God Save the Queen
Read of Listen below: Friday, September 9th, 1:36 pm EST. Back and forth go the public stock and bond markets. This week’s valuations are higher but overall the market has been stuck in range since Summer began. If you’re following, June’s low was fully…
Recessions Don't Matter
You can read (or LISTEN) below: Thursday, August 4, 8:36 am EST. True to form, stock market volatility gives and takes. July’s gains in your portfolio, nearly to the dollar, erased June’s losses. Congratulations. So far August has also been “positive” but…
Recessions are Unpredictable
You can read or LISTEN below. Friday, July 8, 1:36 pm EST. We’re finally done with the first half of 2022. Good riddance. As you may have heard – and may have seen reflected in your portfolio – the financial market declines in the first half of this year have…
GDP is the wrong measure.
You can read or LISTEN (below): Wednesday, June 8, 2:36 pm EST. Nothing much has changed. Fortunately or unfortunately our economy – in the short term - is in the same place it was last month: doubt. There is no shortage of possible scenarios for short-term…
Letter to Stakeholders, May 2022
Read or Listen (below): Tuesday, May 10, 10:56 am EST. Spring is upon us, even if it feels like Winter in your portfolio. After our Spring “Check-in” meeting, Doug and I could tell you were braced for months like these. Ups and downs (or “volatility”) in the…
US Dollar as a Reserve Currency
Friday, April 15, 09:36 am EST. Beware the “ides of April,” is not a warning or a saying you have ever heard of. As I write this in the midst of public-school spring breaks, hopefully you too have taken a break -at least from the news. We are really in the…
We are all Ukrainians now
Read or Listen (below): Friday, March 4, 09:36 am EST. This past month a rogue leader of a foreign country decided to invade another country. The apparent goal was to take over that country’s resources and lead that country’s people as they once had in the…
Letter to Stakeholders, February 2022
Tuesday, February 8, 1:01 pm EST. None of us like to see our investment balances go down but that’s just what most of us saw in January. It is emotionally unsettling, even for some investment professionals. How do we deal with it? We ask why, we look at why…
Alternative Investments
Read or Listen (below): Tuesday, January 11, 10:01 am EST. It feels good to get past January 6th. And for those of us on the East Coast, it is nice to be past the first snowstorm of the year. Now that the year has really “started,” we can share with you some…
Market Indicators?
Monday, December 13, 10:12 am EST. End of year communications are almost only interesting if they are forward thinking. We aim to be interesting at Jason Howell Company so here are our thoughts on markets, economics, and our service to you in 2022. Markets…
Jason Howell Company Letter
Thursday, November 11, 12:12 pm EST. Thankfully the sun doesn’t rise and set on the whim and fancy of the stock market, latest election or our favorite economic indicator. This month we’ll walk through thoughts about the Virginia and New Jersey gubernatorial…