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Economics

Welcome to Capital Revelations, our platform for education and commentary regarding the issues we are passionate about.

We expect to write a short piece whenever inspiration prompts us to do so, probably once or twice a month. Expect the topics to mirror the prominent topics of our website, but through the lens of the three primary forms of capital -  human (intellectual and social), physical, and financial. We hope to share what experience, conversation, and literature have revealed to us regarding the beneficial utilization of the various forms of capital we all possess. And of course, we welcome any comments or feedback you might have. Enjoy!
This recalibration of our policy stance

  This recalibration of our policy stance will help maintain the strength of the economy and the labor market… – Federal Reserve Chairman Jerome Powell   Ongoing economic growth, improving inflation, and the first of what is likely to be multiple, periodic rate reductions by the Federal Reserve all fueled yet another quarterly advance for...

A Strong Economy that Benefits Everyone

    We are strongly committed to returning inflation to our 2 percent goal in support of a strong economy that benefits everyone. – Federal Reserve Chairman Powell     U.S. Equities delivered another positive performance during the second quarter, led once again by information technology and communications stocks, and in particular, a small cadre...

The economy has made considerable progress toward our dual-mandate objectives.

  The economy has made considerable progress toward our dual-mandate objectives. – Federal Reserve Chairman Jerome Powell   The first quarter of 2024 concluded with another solid gain for global equities, driven in part by ongoing U.S. equity market leadership. U.S. equities rose consistently throughout the quarter to record the best start to a year...

We believe that our policy rate is likely at or near its peak for this tightening cycle…

  …we believe that our policy rate is likely at or near its peak for this tightening cycle… – Federal Reserve Chairman Jerome Powell   2023 ended in appropriate fashion, with impressive returns to cap a year of impressive returns. Investors rang in the New Year optimistic the Federal Reserve has guided the economy into...

And ultimately, though, there’s so much uncertainty around these things.

  And ultimately, though, there’s so much uncertainty around these things. –  Federal Reserve Chairman Jerome Powell   Financial markets struggled during the third quarter. Resilient economic activity, elevated equity valuations and a re-evaluation of the Federal Reserve’s determination to maintain restrictive monetary policy pushed bond yields up and both stock and bond prices down....

Sorry to interrupt the festivities Dave, but I think we’ve got a problem.

  Sorry to interrupt the festivities Dave, but I think we’ve got a problem. – HAL 9000 (2001: A Space Odyssey)   Global equity markets advanced during the second quarter, building on the first quarter’s strength. Investors, clamoring to board the Artificial Intelligence hype train, crowded into a concentrated basket of technology and technology-related stocks,...

Our goal is to help Main Street, not Wall Street.

  Janet Yellen’s quote is the basis for our first quarter Global Economic and Markets Review, in which we focus on the nexus between Main Street and Wall Street, the divergence between what bond investors seem to expect and what equity investors seem to expect, and why Janet Yellen’s statement is important for both over...

Making Sense of the CARES Act Program for Small Business – Hint: It’s a First-Come, First-Served Program

Covid19 is a big problem for many small businesses, which often lack the financial resources to withstand a prolonged revenue slump. In an effort to ensure the Covid19 outbreak doesn’t become an economic depression, the U.S. Federal Government passed the CARES Act, which includes a $349 billion provision for small businesses, defined as those with...

Through the eyes of a 10-year-old – The Fed’s Policy of Financial Repression is Suddenly Personal

I’ve written about the deleterious effects the Fed’s interest-rate setting policy is having on savers. Of course, as a saver, I have personal experience with the ramifications. But this weekend, my experience is about to get a whole lot more personal. About a month ago, my 10-year-old son begged me to take him to the...

Why do we invest?

Why do we invest? A cursory review of popular financial media and financial industry marketing materials would lead one to believe that we invest because we want to “beat the market”. Whether it’s an index fund or other “passive” strategy claiming that the market can’t be beat (if you can’t beat ‘em, join ‘em), or...

Third Day CapitalHow to Contact Us?
7 AM - 3PM
OUR LOCATIONSWhere to find us?
4600 S Syracuse St 9th Floor, Denver, CO 80237
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Third Day CapitalHow to Contact Us?
7 AM - 3PM
OUR LOCATIONSWhere to find us?
4600 S Syracuse St 9th Floor, Denver, CO 80237
https://third-day-capital.com/wp-content/uploads/2023/03/TDC_GoogleMaps-320x214.jpg

Copyright by Third Day Capital Management. All rights reserved.

Copyright by Third Day Capital Management. All rights reserved.