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Unhappiness compounds.
Unaddressed, it compounds into frustration.
And frustration is the soul killer, the destroyer of worker and customer relationships, loyalty and progress.
The solution is pretty simple: address the unhappiness. Change the system or talk about the problem or acknowledge it if that's all that can be done. None of this can happen, though, unless there's communication.
Most open door policies are window dressing. Most, "is everything okay with your dinner?" is rote. True communication, actual intention (and action) in digging deeper, is difficult work. If it doesn't feel like you're working at it, you're probably not doing it right.
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Mish's Global Economic Trend Analysis |
CDS Quotes On New Greek Bonds On Hold; Last CDS and 1-Year Bond Quote on March 9 Posted: 25 Mar 2012 07:31 PM PDT New Greek bonds are priced at roughly 22 cents on the dollar. Simply put, the market expects yet another credit event. Yet try buying CDS protection on the new Greek bonds. You can't. The Financial Times reports Greek yields up as CDS trading put on hold Yields on new Greek bonds have jumped sharply in the past week amid worries over a shutdown of the market in insurance-like products used to hedge the risk of holding Athens' debt.Did you catch that? The last quote was $7.8m up front to insure $10m of debt against default. We are talking about a near certain default on the new bonds. I just did a check on Bloomberg. The last quote on a 1-year Greek bond shows the yield is 1,143%. The date of the quote is March 9th, the last date CDS was quoted. But hey, Greece is saved. Doesn't everyone know? Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Click Here To Scroll Thru My Recent Post List Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
Property Tax Revolution in North Dakota, Minnesota, Michigan; It's Our Home Not Theirs! Posted: 25 Mar 2012 10:29 AM PDT The granddaddy of property tax revolts is now underway in North Dakota. The North Dakota group, Empower the Taxpayer writes "On June 12, 2012, the voters of North Dakota will have the opportunity to make North Dakota truly 'Legendary', as the first to pass a state constitutional amendment that will abolish the property tax, prioritize spending by the legislature, and finally give local governments something they never had: true local control over spending." Public unions and proponents of big government are now involved in a major wave of fearmongering because North Dakota counties get about 60 percent of their revenue from property tax. If the amendment passes, school districts will simply have to get funding from another source, or cut budgets. Support Grows For Abolishing Property Taxes Minnesota Public Radio discussed the setup in North Dakota in an article last November called Support grows for abolishing property tax in ND Many Minnesota residents expect a bigger bill when their property tax statements arrive this month. But across the border, North Dakota residents are considering a proposal to make the state the first in the nation to abolish property taxes.Michigan Ponders Property Tax Repeal Inquiring minds note that Michigan Ponders Property Tax Repeal County governments across Michigan are keeping a close eye on Lansing as lawmakers zero in on the possible repeal of the personal property tax.Minnesota House Passes Legislation to Freeze then Phase Out Business Property Taxes Please consider Minnesota House Passes Tax Relief and Job Creation Act Saint Paul – (March 22, 2012) – The Minnesota House of Representatives today approved the Tax Relief and Job Creation Act by a vote of 72-62.That's a start but I have to ask, why should businesses own their homes free and clear without being subject to onerous taxation but not individual homeowners? It's Our Home Not Theirs! Please consider the following video Robert Hale Co-Author of Property Tax Revolution who says "It's Our Home Not Theirs!" "The essence of freedom is property rights. It always has been. Yet, if you don't pay the government the tithe that they request, you lose your property." Indeed! You Never Own Your Own Home Property taxes are an insidious form of taxation. They mean you never really own your home. Taxes even go up at the whim of local school boards and teachers unions who perpetually want more money, not for the kids, but for the school boards and teachers' unions. Property taxes are particularly hard on senior citizens who can literally be taxed out of their own homes. The public unions and local governments who have their hands in your pockets will be fighting hard with money and fearmongering ads. You can counter with donations to Empower the Taxpayer in North Dakota. It's time to put an end to property taxes nationwide. The place to start is North Dakota. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Click Here To Scroll Thru My Recent Post List Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
Posted: 25 Mar 2012 09:10 AM PDT Here is an exclusive undoctored image of Ben Bernanke as actually taken by the Atlantic Magazine. Via the wonders of Photoshop, Atlantic editors managed to transform the above actual image of Bernanke into the following nauseating cover. Insiders at the Atlantic say the transformation from goat to hero was meant as an April Fools' Day joke as was Roger Lowenstein, article when he proclaimed "The visceral criticism of Bernanke is hard to fathom." See Atlantic Magazine Cover Proclaims Ben Bernanke "THE HERO" for a discussion of the magazine cover and article. Apologies offered to Roger Lowenstein for a joke well executed. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Click Here To Scroll Thru My Recent Post List Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
Trichet Warns of "Behavioral Contagion" and Nontraditional Steps That He Personally Started Posted: 25 Mar 2012 12:14 AM PDT The hypocrisy of former ECB president Jean-Claude Trichet is in the spotlight today. Who put the spotlight on Trichet? Ironically, he did himself. Please consider Trichet warns of "behavioral contagion" Jean-Claude Trichet, the former president of the European Central Bank, said Saturday that he is worried that controversial quantitative easing and other nontraditional steps that global central banks have taken since the financial crisis could be here to stay.Who was it that started ECB bond buying? Why it was none other than Jean-Claude Trichet, acting against the advice of Axel Weber, German central bank president who resigned in protest rather than be part of the operation. With the default of Greece, Trichet's bond-buying spree blew up in the ECB's face and so too will the ECB's buying of Portuguese and Spanish bonds. Ultimately we are headed for a global currency crisis. Central banks headed by Greenspan, Bernanke, Trichet, and Draghi paved the way. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Click Here To Scroll Thru My Recent Post List Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
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Venture capital, marketing and pop culture are largely about pattern matching. Something happens, something else happens and it's the beginning of a trend.
Some people (like Clive Davis and Fred Wilson, to pick two) see the trends before others, often without being able to verbalize them.
If you are around people who are able to understand these things before you are, it's worthwhile to call yourself on it, and see if you can get into some discussions about what they see that you don't. I get particularly restless if it's obvious that there's something going on but I can't see it. I can't move on until I see it too.
The more often you match patterns, the better you get.
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Posted: 24 Mar 2012 10:34 AM PDT Ludicrous Taxifornia Healthcare Proposal California keeps up its insane attack on businesses of all kinds, this time with a proposal to force small businesses away from money-saving self-insurance plans into the arms of more costly Obama-care plans. The LA Times writes, California seeks limits on small-business self-insurance trend Sensing a fresh threat to state and federal healthcare reforms, California insurance officials are seeking new limits on a controversial form of health coverage insurers are selling to small employers.Yet Another Stab at Destroying Small Businesses Not only does Obama want to tell you that you have to have insurance, the State of California (with Obama giving a careful eye) wants to mandate self-insured businesses be responsible for the first $40,000 per person, in healthcare liability. If this passes, any sane business would move to another state if possible. Indeed businesses are exiting California in drove already. Please see California Tax Revenues Plunge; Businesses Exit "Taxifornia" in Droves; Piecing Together the Jobs-Picture Puzzle for details. Those businesses with 25-40 employees who need to stay within the state will start firing employees to get below the 25 employee minimum. The rest will simply be screwed (some into bankruptcy). This Taxifornia proposal is yet another huge step in the wrong direction, and the idiots running the state cannot even figure out why businesses are leaving. Enough is enough. It's time to start all over with health-care. Hopefully the Supreme Court tosses out Obama-care next week. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Click Here To Scroll Thru My Recent Post List Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
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Largest Loop The Loop In A Car Posted: 23 Mar 2012 07:02 PM PDT |
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