Postcards

Article Index

The Saudis Brought a Knife to a Bond Party

By Garrett Baldwin, Money Morning - August 30, 2023

Dear Fellow Expat, The race against the clock to beat Hurricane Idalia was beyond anticlimactic. My flight change paid off as the 7 p.m. flight was canceled. But if you were looking for an action film about a Florida man against nature… This wasn’t it. More on that in a moment. For now, I want […]

A Religious Revival Aboard Southwest Flight 2578

By Garrett Baldwin, Money Morning - August 29, 2023

Dear Fellow Expat, Southwest Airlines (LUV) flights from Baltimore to Ft. Myers offer the wildest religious experiences you could witness. You’ll become a believer… During preboarding on these Southwest flights, between 20 to 25 (largely retiree) passengers sit in wheelchairs and wait to board along the wall. Before general boarding, gate agents wheel pre-boarders down the […]

Momentum Wobbles But We Could See a Rally

By Garrett Baldwin, Money Morning - August 28, 2023

Dear Fellow Expat, If nothing else, the hurricane gods have a sense of humor. I'd planned a trip to Baltimore this month… and now I'm in a pickle. Another storm is fast approaching the Florida Republic. I've bumped tomorrow's flight up from 7 PM to 10:15 AM. I hope I can beat the wind and […]

Crab Cakes and Volatility…

By Garrett Baldwin, Money Morning - August 27, 2023

Dear Fellow Expat, Greetings from Baltimore. If there’s ever a reason to depart from the Florida Republic, it’s for a crab cake, yellow mustard, and crackers. Provisions are well stocked in the Charm City. We enter a pivotal week for the markets. The Chinese central bank didn’t pump another 1 trillion Yuan into its economy, […]

Elon Shrugged (and I Moved to Cash)

By Garrett Baldwin, Money Morning - August 25, 2023

Dear Fellow Expat, With momentum negative, it’s a good day for a haircut, a tall drink, and a trip to the beach with a great friend from college. In the world of writing, we're advocates of this idea called the “Power of One.” You write about one specific issue. But today is not the day […]

Here’s Why No One Is Coming to Save Us

By Garrett Baldwin, Money Morning - August 24, 2023

Dear Fellow Expat, Fort Myers Beach sits five miles from my home. Last year, the beach town suffered a direct hit from Hurricane Ian. A nine-foot wall of sea pushed through the entire area, wiping out buildings, taking innocent lives. And even now, it’s fueling a desperate sale of property on one of the most […]

Jerome Powell Can’t Explain Inflation – Here’s Why

By Garrett Baldwin, Money Morning - August 23, 2023

Dear Fellow Expat, What does the Federal Reserve do? That’s a basic question we must understand. The central bank has two jobs as its so-called “dual mandate”: to pursue maximum U.S. employment and ensure price stability. Ignore maximum employment for now. Today’s unemployment rate is cooked worse than your least favorite aunt’s Thanksgiving dinner. The […]

Hemingway Was Right About America (Turns Out He Had Paul Krugman Figured Out, Too)

By Garrett Baldwin, Money Morning - August 22, 2023

Dear Fellow Expat, Ernest Hemingway once wrote: "The first panacea for a mismanaged nation is inflation of the currency; the second is war." Imagine what Key West’s finest author would say about the United States today, as it barrels relentlessly through both conditions. You feel it. I feel it. We’re sending tens of billions of […]

Trying to Reason with Hurricane Season: Here's How to Spot a Volatility Cycle

By Garrett Baldwin, Money Morning - August 21, 2023

Dear Fellow Expat, If you’d have told me that the state with the highest total of tropical storms to start the season was California, I’d have accused you of having too much Long Drink this weekend. But that’s the score. California 1 – Florida 0. I’m sure that California Governor Gavin Newsom is proud that […]

“Bring Me a Fire Truck” – Steve Winwood And Our Week Ahead

By Garrett Baldwin, Executive Producer, Money Morning - August 20, 2023

Postcards from the florida republic An independent and profitable state of mind. My daughter is driving me insane… She has been singing “I’m Still Standing” by Elton John since Thursday. But only the chorus… on repeat. And when she isn’t singing that song… She’s singing Steve Winwood’s 1986 hit “Higher Love” – but only […]

How I Learned to Stop Worrying and Love the "Bailout"

By Garrett Baldwin, Executive Producer, Money Morning - August 19, 2023

Postcards from the florida republic An independent and profitable state of mind. The Wall Street Journal warns that China could soon face its “Lehman Brothers moment.” It’s a call back to the defining moment of the 2008 Financial Crisis. That “moment” was the long-expected collapse of one of Wall Street’s oldest and most-connected banks. The […]

This Garbage Stock is Everything Wrong with Today’s Public Markets

By Garrett Baldwin, Executive Producer, Money Morning - August 18, 2023

Postcards from the florida republic An independent and profitable state of mind. Want to see me leave a cocktail party early? Send a food server over with a plate of one heinous dish. I’ll move out of there faster than Tweedy Bird… so fast feathers fly. What’s this poison food I won’t touch? “Plant-based meat.” Off […]

Keep Momentum Simple (Stupid)

By Garrett Baldwin, Executive Producer, Money Morning - August 17, 2023

Postcards from the florida republic An independent and profitable state of mind. The emails trickled in one at a time… Then the phone calls started. A business-school friend – with an MBA and decades of executive experience… A financial publisher who’d edited newsletters for 30 years… A bartender in Washington D.C., A relative […]

The Great “Decluttering” of 2023 Reveals a Simple Path to Success

By Garrett Baldwin, Executive Producer, Money Morning - August 16, 2023

Postcards from the florida republic An independent and profitable state of mind. At Republic Research, sell calls on existing long positions to generate income when momentum goes negative. We shift to cash and wait for the next wave of capital to reenter the market. A central bank may pump more money into the […]

Here's How We'll Approach Negative Momentum in the Republic

By Garrett Baldwin, Executive Producer, Money Morning - August 15, 2023

Postcards from the florida republic An independent and profitable state of mind. Lansdowne Pub is 1.9 miles from my house. It’s a local Irish pub with a lot of Boston Red Sox and New England Patriots flair. I proudly wear my Orioles hat or “World’s No. 1 Dad” Buffalo Bills shirt when I […]

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