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Charlie Bilello
@charliebilello
, 4 tweets, 2 min read Read on Twitter
US Home Prices since 1891...
Nominal growth: +3.2%/yr
Real growth: +0.3%/yr
US Home Price Growth by Decade...
From 1891-1996, US home prices only exceeded inflation by 15% on a cumulative basis. Few considered housing “an investment.”

That thinking changed during the housing bubble when prices exceeded the inflation rate by 76% from 1997-2005...
Then housing prices crashed, -27% nationally from 2006 peak to 2012 trough and once again few considered housing an investment.

But the subsequent rally off the 2012 lows (+54%) has been so strong relative to inflation that we're hearing "housing is a great investment" again.
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Charlie Bilello
@charliebilello
From Jack Bogle I learned...
1) investing for the long-run (time & compounding are your best friends).
2) asset allocation (diversification > all your eggs in one basket).
3) simplicity trumps complexity.
4) why index funds beat most active strategies (fees/taxes, etc.)...
5) following the herd & fighting the last war can be treacherous to returns while respecting reversion to the mean can be additive.
6) staying the course during market declines, while not easy, is a long-term investor’s best friend (“don’t do something, just stand there”)...
Recommended:
1) Common Sense on Mutual Funds, amazon.com/gp/product/047…
2)The Little Book of Common Sense Investing,
amazon.com/gp/product/111…
3) @ritholtz 2016 Interview (Masters in Business)
ritholtz.com/2016/03/mib-ja…
Read 3 tweets
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Charlie Bilello
@charliebilello
Lions and Tigers and Yield Curve Inversions. NEW POST. $SPX $TNX

pensionpartners.com/lions-and-tige…
In December 2018, part of the yield inverted for the first time since 2007. At month-end, the 6-month Treasury bill yield stood at 2.56%, 5 basis points higher than the 5-year yield (2.51%).
Naturally, many investors are afraid, with 45% predicting an imminent recession in a recent poll…
Read 9 tweets

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gaines dempsey
@gainesdempsey
Inflation in terms of Gold: To me this puts everything in perspective
#inflation #federalreserve @DiMartinoBooth
1) in 1970 the minimum wage was $1.45 per hour and an ounce of gold was worth roughly $39 per ounce. So it took 27 hours to earn an ounce of gold.
2) 2019 minimum wage at $7.25 per hour and an ounce of gold at roughly $1,325 per ounce. This equates to 183 hours to earn an ounce of gold.
3) Todays Gold price of $1,325 per ounce divided by the 1970 hours to earn an ounce (27 hours) equals roughly $50.
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Millennial Macro
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#inflation #bonds $TLT
Charts from last night Australian time. Not updated for most recent ISM number.
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ลาอิ อยากนอนเฉยๆ ทุกวัน
@Rain30twit
พี่เยี่ยจะถือถุงช้อปปิ้งให้แฟนนนนน
#หวังcเยี่ย

“เอาตัวนี้ด้วยค่ะ แล้วก็คิดเงินเลยนะคะ”
พนักงานสาวยิ้มร่าแล้วรับเสื้อตัวที่3 มา เมื่อรวมกับของที่ลูกค้าสาวท่านนี้เลือกก็มีทั้งเสื้อ กางเกง และเสื้อโค้ท รวมเกือบสิบตัวแล้ว

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“หรือว่าเหนื่อยแล้ว? งั้นจบร้านนี้ก็กลับกัน”
ขณะที่เยี่ยซิวกำลังจะอธิบาย พนักงานสาวก็นำบัตรเครดิต สลิปและถุงใส่ชุดที่หวังเจี๋ยซีเลือกไว้ทั้งหมดมาให้ หลังจากสาวสวยเซ็นชื่อตัวเองก็รับถุงมาไว้ในมือ

“กลับกันเถอะ แบ่งถุงในมือมาสิ เดี๋ยวฉันช่วยถือ”
Read 19 tweets
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Anna Andrianova
@AndrianovaAnna
THREAD 1/ Russia's economy has built enough stamina to weather new sanctions – huge reserves, budget surplus, low #inflation bloom.bg/2OZUuwe
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3/ In response to the ruble weakening on the sanctions news, Russia's central bank reduced planned purchases of FX and the ruble pared losses after that step bloom.bg/2OZUuwe
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Lorraine Mulholland
@lorraineelizab6
Cú Chulainn is believed to be an incarnation of the god #Lugh, who is also his father! His mother is the mortal Deichtine, sister of Conchobar mac Nessa, the King of #Ulster who ruled from #NavanFort near #Armagh. #CúChulainn #Irishmyths #Irishlegends #FolkloreThursday
Born Sétanta, Cú Chulainn gained his name as a child, after killing Culann's fierce guard-dog in self-defence & offered to take its place until a replacement could be reared! Used a standing stone or by driving a sliotar down its throat with his hurley! #FolkloreThursday
Cathbad the druid announced one day that anyone who drew arms would have everlasting fame! So Cú Chulainn only 7 years old, asked for arms! But Cathbad grieved because he had not finished his prophecy-the warrior who took arms that day would have a short life! #FolkloreThursday
Read 30 tweets
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Ilhan Omar
@IlhanMN
Home
no one leaves home unless home chases you
fire under feet
hot blood in your belly
it’s not something you ever thought of doing
until the blade burnt threats into
your neck
and even then you carried the anthem under
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#home #warsanshire #poems
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only tearing up your passport in an airport toilets
sobbing as each mouthful of paper
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you have to understand,
that no one puts their children in a boat
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no one crawls under fences
no one wants to be beaten
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