Tag Archives: Infrastructure

REITs vs. Your Home

Many people don’t have an investment allocation to real estate investment trusts (“REITs”) because they believe they already have “enough” exposure to “real estate” through ownership of their home. REITs and your home are very different asset classes with very different characteristics. REITs invest primarily in commercial real estate, which is any non-residential property used […]
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China Stories

As some of you may know, John Mauldin and Worth Wray compiled an e-book on China, “A Great Leap Forward?” which includes a chapter by us on Invention, Innovation and Implementation in China. John continues to write on what is happening there in his various missives. In a recent conversation with him, I relayed three stories that […]
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Employment Numbers Surprise Almost No One; Alter No Fed Expectations, But…

Are we entering a longer growth, but lower return environment? The Numbers April employment numbers of 223,000 jobs added dropped the unemployment rate to 5.4%. March numbers were revised lower to 85,000 jobs vs. the 126,000 previously reported. Wages rose quite modestly month-over-month. This report provided a sigh of relief for the bulls on both […]
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