Info Bytes 09.22.22

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We ask the tough questions and give you the answers: view results of over a dozen surveys focused on common interest communities.


Up, Up and Away!

  • The Dot Plot was revised higher, with FOMC members expecting rates to reach 4.4% this year and 4.6% next year. Bloomberg

  • Want to invest your funds in principal-guaranteed securities? The safest place this year has been 4-week Treasuries! What’s your APR?

    • “Why is anyone buying a 3.50%-ish 30-year Treasury TMUBMUSD30Y ? The only logic that squares the circle is that inflation will overshoot to the downside.” – Jeffrey Gundlach

  • Keen on taking a vacation? Incredible Dollar strength in part due to a hawkish Fed means that exchange rates are more favorable now than ever before. This trend won't last forever, so make a plan!

Fixed Income & Bond Yields

Resource Updates

📖 Governance Hierarchy 📖

  • What doesn’t the diagram explicitly reveal? CIC Board decision-making comes last. Washington State is home to at least two state supreme court cases addressing discretion. Here are some quotes from our Duty of Care page:

  • Discretion is not reasonably exercised when:

  1. the procedures laid out in the governing documents and relevant statutes are not followed

  2. the information used in the decision-making process is not reasonably accurate

  • Courts do not owe deference to an association's interpretation of its governing documents, but courts do owe appropriate deference to an association's reasonable discretionary decisions.

  • Riss suggests that when a [CIC] makes a discretionary decision in a procedurally valid way, courts will not substitute their judgment for that of the association absent a showing of "fraud, dishonesty, or incompetence (i.e., failure to exercise proper care, skill, and diligence). Reasonable care is required."

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