Dear Members and Friends,
My brain began buzzing particularly early this morning at 3:30 A.M. without the benefit of caffeine. Engaged yes, clear functioning perhaps, but a bit foggy without the nice double hit of espresso that I just poured down the hatch. Champagne would be more fun, and fitting, considering that it is Mother’s Day, but I will hold off until I’ve completed sharing my thoughts and insights with you.
June Gloom...In May!?!
Perhaps the higher powers are saddened by our current state of chaos. Or maybe this thick layer of clouds is actually mother earth enveloping us in a warm hug, empathic towards our suffering. I prefer to believe the latter. Either way, June Gloom seems to have come early this year.
Here is what I saw this week:
I had planned a deep dive into the theories of inflation and deflation for today’s letter but opted to press pause on the high-level theoretical discussion this week. Perhaps we will see science prevail over politics, and clarity prevail over confusion in the days to come. Here at Christina, we remain empathic to the suffering of our tenants and vendors, without whom we could not function and prosper. We are fortunate to be located and operating in the Westside region of Los Angeles, a dynamic market that has forever seen demand outweigh supply and look forward to the opportunities brought upon by this changed world.
Lawrence N. Taylor