{"id":2911,"date":"2024-09-26T13:26:07","date_gmt":"2024-09-26T19:26:07","guid":{"rendered":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/uncategorized\/the-watched-pot-boils\/"},"modified":"2024-10-09T13:28:59","modified_gmt":"2024-10-09T19:28:59","slug":"the-watched-pot-boils","status":"publish","type":"post","link":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/","title":{"rendered":"The Watched Pot Boils"},"content":{"rendered":"

Front-Page News<\/span><\/h2>\n

Interest rate moves are generally considered pretty big news in America; when they happen, they capture the headlines for a while and kick off a round of speculation about what their impact will be. The recent announcement that the Fed would cut interest rates by fifty basis points was front-page news.\u00a0<\/span><\/p>\n

There is a kind of rule of thumb that rate cuts are good for the economy and the stock market, and rate rises put the brakes on growth and will dampen stock prices as the cost of doing business and financing homes goes up.<\/span><\/p>\n

According to the Federal Reserve Bank of St. Louis, the average rate of fed funds between 1971 and 2024 was 5.42%. The Fed\u2019s cut on the 17th of this month brings the rate down to 4.75% to 5%, lower than its 50-plus-year historical average. It may come as a surprise to some, but we were already in a low-interest-rate environment.\u00a0<\/span><\/p>\n

Over the past century, the Fed\u2019s mission has evolved into two principal mandates: keep inflation low and employment high. This is naturally something of a balancing act as inflation is kept in check by raising interest rates, and employment is stimulated by lowering them. When the Fed takes action in one area, it necessarily makes its other mandate more difficult.\u00a0<\/span><\/p>\n

The Consumer Price Index, or CPI, is a proxy for the cost of living in the U.S. It is composed and managed by the Bureau of Labor Statistics, or BLS, in an effort to mimic the budget of a typical American family. Currently, the CPI is made up of food at 13,4%, energy at 6.9%, and a host of other goods and services like clothing, health care, transportation, and housing. Twenty-seven percent of the CPI goes to something called \u201cowner\u2019s equivalent rent of ownership,\u201d but it really means shelter. Inflation has caused many American families to struggle over the past four years, and the Fed has had its work cut out for it.\u00a0<\/span><\/p>\n

In August, the BLS announced that the year-over-year CPI was 2.5%, slightly above the Fed\u2019s 2% target. The Fed had announced in 2023 that it expected three or four rate cuts this year, but concerns about inflation stayed their hand until this month. Troubling statistics about employment have caused the Fed to change course, hoping for a so-called \u201csoft landing.\u201d<\/span><\/p>\n

The Fed is Taking Things Seriously\u00a0<\/span><\/h2>\n

The 50 basis point cut made news because cuts that large are relatively rare. According to the Wall Street Journal, in the modern era (since the Fed began publicizing its rate moves in 1994), the Fed has only cut rates that deeply three times: after the Tech Wreck in 2001, after the Great Recession in 2007, and in response to the pandemic in 2019.\u00a0<\/span><\/p>\n

Since the Fed appears to reserve the bigger cuts for bigger emergencies, some speculate that we should be worried about an imminent recession. We\u2019ve reminded readers of this blog that the market climbs a wall of worry. There will always be things to worry about, but we don\u2019t believe this rate cut is one of them.\u00a0<\/span><\/p>\n

First of all, Charles Schwab\u2019s research has shown that Fed rate cuts have been pretty good for stocks, as represented by the S&P 500. They report that \u201cthe 12 months after the first cut have been positive for the index\u2014to varying degrees\u201486% of the time since 1929.<\/span>\u201d\u00a0<\/span><\/p>\n

However\u2014there is always a \u201chowever\u201d in any economic forecast\u2014the market is already pretty pricey. GuruFocus calculated that the price-to-earnings ratio of the S&P 500 index on September 18th was 28.55. This implies an earnings yield of just 2.86%. The yield on the 10-year Treasury bond on that same day was 3.72%, so stocks may already be richly valued.<\/span><\/p>\n

Bond owners should, of course, be happy with the news, at least for now. When interest rates drop, bond prices rise, and that rise can be significant. Asset managers have a back-of-the-envelope rule that says you multiply years-to-maturity by the interest rate move to get the price change. So, with this recent move, a half-point cut implies a 5% gain on a 10-year T-Bond\u2019s market value.<\/span><\/p>\n

Interest rate cuts don\u2019t please everyone. Retirees and others living off the income from bonds and other interest-rate-sensitive asset classes typically take a cut in pay. What financial planners focus on is the real return of an asset, meaning its after-inflation growth. With the 10 year T-Bond at 3.72% and the CPI at 2.5%, there does appear to be some real yield on the table, and more for risker fixed income paper.\u00a0<\/span><\/p>\n

Naturally, the political types from both sides leapt on the Fed\u2019s announcement, but we don\u2019t think that this move will have much impact on the election because it takes a while for rate cuts to affect the economy, and even a bit longer before we see statistical results.\u00a0<\/span><\/p>\n

Here\u2019s our takeaway: it would be a positive good for inflation to remain low. This would bring greater confidence to planners and borrowers, both of whom value stability in economic systems, and it would take pressure off the American family. It would also be good if the cost of capital were reduced to encourage business fixed investment, innovation, and risk taking generally, all of which can be very good for the world.\u00a0<\/span><\/p>\n

As of this writing, and if inflation has indeed been tamed, the Fed\u2019s move is most welcome news. The Fed\u2019s move is only one input into a giant system of variables, and not something that should cause you to start making predictions about market moves. Keep your focus on tax strategy, diversification, and risk management, stick with your plan, and you should be just fine in the long run.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The Fed made news on September 17, announcing a half percent drop in the fed funds rate. Headline after headline proclaimed \u201cthe first rate cut in four years,\u201d but we should remember that rates were at or very near zero until March of 2022, when it appeared that the pandemic-driven inflation had gotten out of hand. Between that March and July of 2023, the Fed raised rates 11 times. This latest rate cut signals that the Fed now perceives a recession to be a bigger threat than rising prices. Investors may wonder what the impact of fed rate changes may have on their portfolio, so with this blog, we seek to provide some historical perspective. <\/p>\n","protected":false},"author":1,"featured_media":2912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"class_list":["post-2911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-family-office"],"acf":[],"yoast_head":"\nThe Watched Pot Boils - Steve Margulin \u2014 Family Office Director<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Watched Pot Boils - Steve Margulin \u2014 Family Office Director\" \/>\n<meta property=\"og:description\" content=\"The Fed made news on September 17, announcing a half percent drop in the fed funds rate. Headline after headline proclaimed \u201cthe first rate cut in four years,\u201d but we should remember that rates were at or very near zero until March of 2022, when it appeared that the pandemic-driven inflation had gotten out of hand. Between that March and July of 2023, the Fed raised rates 11 times. This latest rate cut signals that the Fed now perceives a recession to be a bigger threat than rising prices. Investors may wonder what the impact of fed rate changes may have on their portfolio, so with this blog, we seek to provide some historical perspective.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/\" \/>\n<meta property=\"og:site_name\" content=\"Steve Margulin \u2014 Family Office Director\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-26T19:26:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-09T19:28:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-content\/uploads\/sites\/64\/2024\/10\/A-Watched-Pot-Boils.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"zach\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"zach\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/\"},\"author\":{\"name\":\"zach\",\"@id\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/#\/schema\/person\/73a8b3225060c891025c26ccede2b7ae\"},\"headline\":\"The Watched Pot Boils\",\"datePublished\":\"2024-09-26T19:26:07+00:00\",\"dateModified\":\"2024-10-09T19:28:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/\"},\"wordCount\":948,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/#organization\"},\"image\":{\"@id\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-content\/uploads\/sites\/64\/2024\/10\/A-Watched-Pot-Boils.jpg\",\"articleSection\":[\"family office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/\",\"url\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/\",\"name\":\"The Watched Pot Boils - Steve Margulin \u2014 Family Office Director\",\"isPartOf\":{\"@id\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-content\/uploads\/sites\/64\/2024\/10\/A-Watched-Pot-Boils.jpg\",\"datePublished\":\"2024-09-26T19:26:07+00:00\",\"dateModified\":\"2024-10-09T19:28:59+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/#primaryimage\",\"url\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-content\/uploads\/sites\/64\/2024\/10\/A-Watched-Pot-Boils.jpg\",\"contentUrl\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-content\/uploads\/sites\/64\/2024\/10\/A-Watched-Pot-Boils.jpg\",\"width\":1200,\"height\":628},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Watched Pot Boils\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/#website\",\"url\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/\",\"name\":\"Steve Margulin \u2014 Family Office Director\",\"description\":\"We Democratize Family Office Services\",\"publisher\":{\"@id\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/#organization\",\"name\":\"Steve Margulin \u2014 Family Office Director\",\"url\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-content\/uploads\/sites\/64\/2022\/05\/financial-gravity-logo-web.png\",\"contentUrl\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-content\/uploads\/sites\/64\/2022\/05\/financial-gravity-logo-web.png\",\"width\":300,\"height\":88,\"caption\":\"Steve Margulin \u2014 Family Office Director\"},\"image\":{\"@id\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/#\/schema\/person\/73a8b3225060c891025c26ccede2b7ae\",\"name\":\"zach\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/d04485f008540d61e7caf1e26b1105bb78d5b4a2665ded3174e567eaca068985?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d04485f008540d61e7caf1e26b1105bb78d5b4a2665ded3174e567eaca068985?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d04485f008540d61e7caf1e26b1105bb78d5b4a2665ded3174e567eaca068985?s=96&d=mm&r=g\",\"caption\":\"zach\"},\"sameAs\":[\"https:\/\/financialgravityfamilyofficeservices.com\"],\"url\":\"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/author\/zach\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Watched Pot Boils - Steve Margulin \u2014 Family Office Director","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/","og_locale":"en_US","og_type":"article","og_title":"The Watched Pot Boils - Steve Margulin \u2014 Family Office Director","og_description":"The Fed made news on September 17, announcing a half percent drop in the fed funds rate. Headline after headline proclaimed \u201cthe first rate cut in four years,\u201d but we should remember that rates were at or very near zero until March of 2022, when it appeared that the pandemic-driven inflation had gotten out of hand. Between that March and July of 2023, the Fed raised rates 11 times. This latest rate cut signals that the Fed now perceives a recession to be a bigger threat than rising prices. Investors may wonder what the impact of fed rate changes may have on their portfolio, so with this blog, we seek to provide some historical perspective.","og_url":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/","og_site_name":"Steve Margulin \u2014 Family Office Director","article_published_time":"2024-09-26T19:26:07+00:00","article_modified_time":"2024-10-09T19:28:59+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-content\/uploads\/sites\/64\/2024\/10\/A-Watched-Pot-Boils.jpg","type":"image\/jpeg"}],"author":"zach","twitter_card":"summary_large_image","twitter_misc":{"Written by":"zach","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/#article","isPartOf":{"@id":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/"},"author":{"name":"zach","@id":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/#\/schema\/person\/73a8b3225060c891025c26ccede2b7ae"},"headline":"The Watched Pot Boils","datePublished":"2024-09-26T19:26:07+00:00","dateModified":"2024-10-09T19:28:59+00:00","mainEntityOfPage":{"@id":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/"},"wordCount":948,"commentCount":0,"publisher":{"@id":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/#organization"},"image":{"@id":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/#primaryimage"},"thumbnailUrl":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-content\/uploads\/sites\/64\/2024\/10\/A-Watched-Pot-Boils.jpg","articleSection":["family office"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/","url":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/","name":"The Watched Pot Boils - Steve Margulin \u2014 Family Office Director","isPartOf":{"@id":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/#website"},"primaryImageOfPage":{"@id":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/#primaryimage"},"image":{"@id":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/#primaryimage"},"thumbnailUrl":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-content\/uploads\/sites\/64\/2024\/10\/A-Watched-Pot-Boils.jpg","datePublished":"2024-09-26T19:26:07+00:00","dateModified":"2024-10-09T19:28:59+00:00","breadcrumb":{"@id":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/#primaryimage","url":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-content\/uploads\/sites\/64\/2024\/10\/A-Watched-Pot-Boils.jpg","contentUrl":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-content\/uploads\/sites\/64\/2024\/10\/A-Watched-Pot-Boils.jpg","width":1200,"height":628},{"@type":"BreadcrumbList","@id":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/family-office\/the-watched-pot-boils\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/"},{"@type":"ListItem","position":2,"name":"The Watched Pot Boils"}]},{"@type":"WebSite","@id":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/#website","url":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/","name":"Steve Margulin \u2014 Family Office Director","description":"We Democratize Family Office Services","publisher":{"@id":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/#organization","name":"Steve Margulin \u2014 Family Office Director","url":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/#\/schema\/logo\/image\/","url":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-content\/uploads\/sites\/64\/2022\/05\/financial-gravity-logo-web.png","contentUrl":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-content\/uploads\/sites\/64\/2022\/05\/financial-gravity-logo-web.png","width":300,"height":88,"caption":"Steve Margulin \u2014 Family Office Director"},"image":{"@id":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/#\/schema\/person\/73a8b3225060c891025c26ccede2b7ae","name":"zach","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/d04485f008540d61e7caf1e26b1105bb78d5b4a2665ded3174e567eaca068985?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d04485f008540d61e7caf1e26b1105bb78d5b4a2665ded3174e567eaca068985?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d04485f008540d61e7caf1e26b1105bb78d5b4a2665ded3174e567eaca068985?s=96&d=mm&r=g","caption":"zach"},"sameAs":["https:\/\/financialgravityfamilyofficeservices.com"],"url":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/author\/zach\/"}]}},"_links":{"self":[{"href":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-json\/wp\/v2\/posts\/2911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-json\/wp\/v2\/comments?post=2911"}],"version-history":[{"count":0,"href":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-json\/wp\/v2\/posts\/2911\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-json\/wp\/v2\/media\/2912"}],"wp:attachment":[{"href":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-json\/wp\/v2\/media?parent=2911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-json\/wp\/v2\/categories?post=2911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialgravityfamilyofficeservices.com\/margulin\/wp-json\/wp\/v2\/tags?post=2911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}