Info Bytes 10.06.22
CIC Info Bytes are frequent, succinct updates that provide educational and engagement opportunities to help your community thrive!
>>> Subscribe to receive CIC Info Bytes updates by email <<<
The Latest
RESULTS: 2022 CIC Staff Compensation $urvey
86 responses make this survey a huge success. Thanks to everyone who participated and shared it with your colleagues and peers.
Have a comment or question? Please let us know!
🚨💰🚨 INTEREST RATES & MONETARY POLICY 🚨💰🚨
Global Financial System (STILL) in Turmoil…
Equities found little encouragement to sustain any rebound attempt on the eve of the all-important US jobs report, with major benchmarks finishing solidly lower on Thursday. The latest bout of global financial volatility has heightened concerns about regulators’ continuing failure to resolve liquidity problems with US Treasuries—the debt that serves as a benchmark for the world. It’s getting harder to buy and sell Treasuries in large quantities without those trades moving the market. Market depth, as the measure is known, last week hit the worst level since the pandemic crash of 2020, when the Federal Reserve was forced into a massive intervention. With fear of a global recession, escalating geopolitical tensions thanks to Russia’s war on Ukraine, the UK’s tax-cut fiasco and the potential for further defaults by developing nations, investors may not be able to rely on Treasuries as the haven they once were. — David E. Rovella — Bloomberg Evening Briefing
Learn more about financial distress from last week’s CIC Info Bytes
Resource Updates
📖 Governance Hierarchy Giveaway 📖
In response to requests, you are welcome to download and use the Governance Hierarchy Pyramid within your own community so long as you include the Condo Connection copyright as part of the image.
If you find Condo Connection to be a valuable resource, please consider becoming a financial supporter. A profound thank you to the 11 supporters who have made a donation or purchase this year.
🚒🚒🚒 Carbon Monoxide: a Silent and Deadly Foe 🚨🚨🚨
Carbon monoxide (CO) poisoning is preventable
Learn about carbon monoxide deaths in multi-family residential housing
Find carbon monoxide Q&A + Safety Tips on our Emergency Preparedness page
SUPPORT: Condo Connection is a volunteer effort that helps fill an incredible void for common interest communities and their homeowners. WE DO ASK for your general support every few months because providing this free resource is not a free endeavor.
We believe in transparency which is why we disclose our fiscal support. In total, Condo Connection has received about $1,800 of support throughout 2022. If that doesn’t sound like much, that’s because it isn’t. Thousands of people visit Condo Connection every month seeking insights and answers. Requests come in every week to provide more free resources, but very few people are willing to spend even $10.
YOUR SUPPORT MATTERS. Please consider supporting us if you and/or your community have benefited from our free resources. Your contributions enable expansion of Condo Connection's ad-free newsletter and website. You can donate, purchase a digital download, annual subscription or a festive digital gift card for you and your friends, neighbors, colleagues and community. You can also share this newsletter and web links and encourage folks you know to join our free listserv. YOU can take action to support value-added alternatives to CAI that prioritize the interests of CICs and their homeowners.
THANK YOU to all our supporters past, present and future!
+++ Have a question that you'd like to ask directly to your peers? Ask YOUR listserv! +++
Homeowners | Volunteer Leaders | Managers & Management Companies | Vendors
