Editors Note: This is the Final Postcards from the Florida Republic to run at Money Map Press. We are moving over to Substack starting on Monday. If you're a subscriber, you don't need to do anything. But please note that you can easily white label and receive your copy starting all weekend - right here. […]Postcards
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When Will the Activists Feast?
Editors Note: This is the Final Postcards from the Florida Republic to run at Money Map Press. We are moving over to Substack starting on Monday. If you're a subscriber, you don't need to do anything. But please note that you can easily white label and receive your copy starting all weekend - right here. […]Waking the Zombies!
Starting next Monday, Postcards from the Florida Republic will migrate to Substack. Be sure to sign up for a free subscription right here. Dear Fellow Expat: Some people ask why the aliens haven't made contact yet. It could be that we're too busy as a species being distracted by pop stars dating NFL players... Or […]The Most Underrated Market Metric
Dear Fellow Expat: There are two primary routes from Southwestern Florida to Orlando. The first is the long asphalt stretch of Interstate 75 to the immense traffic jams that blister Interstate 4 from Tampa to DisneyWorld. Option two is a sun-kissed drive through the heart of Central Florida's citrus groves. The three-hour trip takes you […]Three Ways to Lose Money in 2024 (No. 3 Is Big)
Dear Fellow Expat: Some people just don't like money. You probably know these people. They get a paycheck and install a waterfall for an above-ground pool... Or they'll take an all-expenses trip to Lake Okeechobee. (Who knew the Red Roof Inn had a Presidential Suite?) People can do what they want... but we'd advise that […]Updates on the Bond Crisis (Momentum Update)
Dear Fellow Expat, When leaving the Florida Republic, it's important to pack wisely. Midjourney: "An Alligator Packs for an Adventure" There's a stark difference between the Florida Republic... and 45 miles northeast of the Banana Republic's capital. I'm visiting Baltimore for three days... again. [I'm in Hunt Valley, the home of McCormick & Co. (MKC), […]Price Discovery Is Coming
Dear Fellow Expat, The housing community "Corkscrew Shores" in Estero, Florida features a beautiful four-bedroom house that went up for sale last week. Built in 2019, it's got everything you could want in a home. The kitchen is described as "a culinary enthusiast's dream." It has a three-car garage, "generous" space in the common areas, […]Big Mistakes to Avoid in the Florida Republic and the Market
Dear Fellow Expat, There are five things you should never do in the Florida Republic. Forget your sports coat at home. Run out of Long Drink when company visits. Talk politics on the beach, at the bar, or anywhere there's company. Misquote the movies Caddyshack! or The Big Lebowski. Try to catch a falling knife […]Two Wars and a Bad Shopping Habit
Dear Fellow Expat, During the 14th commercial yesterday for DraftKings, the website that tries to get us to gamble on football while watching football, I noticed a small disclaimer in the corner of my television screen. It read something like: "If you or someone you know has a gambling problem, please call" this 1-800 number. […]What The Fed Breaks Next (Momentum Update)
Dear Fellow Expat, I'm tired. My daughter had me in the pool for two hours today, and that giant fireball above took the wind out of me. In college, a few friends called me "Springtime Garrett" when I found myself in the sun for too long. I do not tan well... I turn more of […]The Economic Groundhog Explores New Lows
Dear Fellow Trader, Last night, my wife and I found ourselves in Tampa, Florida. At Republic Risk Letter this morning, we introduced the Negative Momentum Alligator. He fell off his surfboard after the positive wave of momentum crashed over his head following an abysmal U.S. bond auction that showed weak demand for U.S. debt. With […]My Dance Moves are Better than This Proposed Move...
Dear Fellow Expat: Last night, my wife and I found ourselves in Tampa, Florida. We attended a concert by Noah Kahan, an indie/folk musician who has emerged as a Tour De Force in the post-COVID world. This was my wife's idea... and it was a fair trade for my trip to Baltimore to watch the […]Profit from Chinese Stimulus, but Don't Get Stuck Holding All the Cards
Dear Fellow Expat: As I've noted, one of the five things I learned at five years old was Gin Rummy. The 10-card game has extended into the next generation as my daughter slowly picks up the patterns. She knows to dump the high cards because you don't want to get stuck with them... and she's […]When They Write About This Crisis
Dear Fellow Expat: Sir Gregor MacGregor was a Scottish mercenary, world adventurer, and conman. He famously raised several hundred men in Charleston, South Carolina, and "invaded" the northern Florida key of Amelia Island in 1817. There, he declared himself king of the "Republic of the Floridas." He printed his own currency - called Amelia dollars […]Postcards: Cross Country Weather (And Risk)
Before we get started, I wanted to show you something really cool. My colleagues at LuckBox magazine took my article on Cathie Wood last week and turned it into a video. It's on YouTube, and I narrated it. Check it out. And please leave a comment. Dear Fellow Expat: Two days ago, I said there […]It Already Happened
Dear Fellow Expat: "I'm thinking about buying a home in Naples," a familiar voice said last month. "We'd probably move there by February." "Why?" I asked... "It's a great market. Home prices are holding up," he said. "Everyone's moving there..." The list went on and on... And of course... Everyone else is doing it! If […]