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An organization uses structure and resources and power to make things happen. Organizations hire people, issue policies, buy things, erect buildings, earn market share and get things done. Your company is probably an organization.
A movement has an emotional heart. A movement might use an organization, but it can replace systems and people if they disappear. Movements are more likely to cause widespread change, and they require leaders, not managers. The internet, it turns out, is a movement, and every time someone tries to own it, they fail.
A philosophy can survive things that might wipe out a movement and that would decimate an organization. A philosophy can skip a generation or two. It is often interpreted, and is more likely to break into autonomous groups, to morph and split and then reunite. Industrialism was a philosophy.
The trouble kicks in when you think you have one and you actually have the other.
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Mish's Global Economic Trend Analysis |
Posted: 12 Jun 2011 05:48 PM PDT Three candidates are touring the globe in their effort to become the next head of the IMF. I believe it is a shoo-in for French finance minister Christine Lagarde but two other candidates have their hat in the ring. Israel's Stanley Fischer Announces Bid to Head the IMF Mexico's IMF Candidate is Agustin Carstens Lagarde backs the ECB stance of no haircuts on sovereign debt. It's certainly the right policy if you are running for the IMF. Otherwise it's flawed. Note that the French court conveniently delayed a review of charges against Lagarde until after the election. A French court has postponed a decision on whether to open an investigation into Christine Lagarde, the country's finance minister and front-runner to take the helm at the International Monetary Fund, a judicial official said yesterday.A poll in The Guardian asks Would Christine Lagarde make the best head of the IMF? 1. Yes, she's got a distinguished recordSadly, those are the only two choices the Guardian offers. What if someone does not think much of Lagarde, but does not want to give emerging markets more of a say? Here is a poll with a lot more choices, including "no one". Note: The discussion above has biased my poll, but at least all the relevant answers are listed. 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: 12 Jun 2011 11:59 AM PDT In a radical departure from the viewpoint of Jean-Claude Trichet, the president of the German central banks says Greek Default Would Not Destabilize the Euro Bundesbank President Jens Weidmann raised the pressure on governments to agree to a Greek bailout without the European Central Bank taking part in easing the country's debt burden, saying the euro can withstand a default.Zero Hedge commented on the Radical Change To ECB's Tune Translation: we now believe our banks are well enough reserved for what comes next. It also means that the rift with the ECB, which will be exposed as near-insolvent courtesy of using Greek collateral for tens of billions of loans that will have to be impaired, is now terminal.I concur that ZH provides one possible answer, and a logical one. However, my top answer is that at long last, someone (in this case the German central bank) was stricken with an unexpected dose of common sense and recognizes a default is coming. To mitigate the damage, Weidmann may have lied about the consequences, and the preparedness of European banks. Is there any reason to believe Weidmann is attempting to do anything but contain the damage in case Greece defaults? I covered the prospect of lies in Politicians 'Lying Through Their Teeth' on Greek Aid (and Everything Else Too). Thus, while it's possible European banks are prepared for default, it's equally possible, if not more plausible, they are not, and that Weidmann is lying about it. Will the Default be Orderly or Disorderly? A default is given. The question now is whether that default will be orderly or disorderly. If a default is coming, it makes no sense to throw more money at it. Indeed history shows the sooner the truth is admitted the less the haircuts. The sad reality of the matter is the "Tortured Body Will Surrender" because Greece is Insolvent Prolonging the agony by extending Greece more loans will only increase the losses and I suggest the German central bank has come to that conclusion. US Reserves Bailing out European Banks? The discussion on Zero Hedge regarding The Fed's $600 Billion Stealth Bailout Of Foreign Banks Continues At The Expense Of The Domestic Economy, Or Explaining Where All The QE2 Money Went is more problematic. The Fed does not give money away, the Fed loans it. Lending money to foreign banks does not prepare them for a Greek default. Nor does that loan come "at the expense of the domestic economy" as Zero Hedge suggests, except in the general sense that it fueled a liquidity bubble, driving up asset prices and the price of food and gasoline. In summary, instead of doing everything in its power to stimulate reserve, and thus cash, accumulation at domestic (US) banks which would in turn encourage lending to US borrowers, the Fed has been conducting yet another stealthy foreign bank rescue operation, which rerouted $600 billion in capital from potential borrowers to insolvent foreign financial institutions in the past 7 months. QE2 was nothing more (or less) than another European bank rescue operation!I respectfully disagree. US banks are not lending because they are capital constrained (not reserve constrained), and because there are too few qualified businesses that want loans. Giving more reserves to US banks would not do a thing. As I have pointed out on numerous occasions, lending comes first reserves second. Fictional Reserve Lending Revisited Once again let's review Fictional Reserve Lending And The Myth Of Excess Reserves Inquiring minds are reading BIS Working Papers No 292, Unconventional monetary policies: an appraisal.The analysis by the BIS is consistent with analysis by Australian economist Steve Keen and Fran Shostak as noted in Fiat World Mathematical Model. The simple fact of the matter is reserves have little to do with bank lending. That aside, I certainly agree with Zero Hedge that the Fed ought not be doing all this lending to foreign banks. Rubini Eyes "Perfect Storm" Including a US Bond Market Revolt Please consider Roubini Says a 'Perfect Storm' May Converge on the Global Economy in 2013 A "perfect storm" of fiscal woe in the U.S., a slowdown in China, European debt restructuring and stagnation in Japan may converge on the global economy, New York University professor Nouriel Roubini said.Time to Short Treasuries? I discussed the possibility of a bond market revolt on June 1, in a video discussion with Aaron Task and Henry Blodget: Will the Bond Market Eventually Force Congressional Hands? In response, several people asked me if it was time to short treasuries. The answer is I don't know. In 2008, I advised against that action. In fact, I was steadfast yields would plunge. Shorts were clobbered. Now, I don't know. There may be a flight to safety trade on, or not. The market could revolt next week or two years from now. This is a big change in my position in 2008 and even 2010. 5-yr, 2-yr, and 1-yr yields all hit new lows in October of 2010. The long-end of the curve did not follow. That was it for me on the long-end, at least for now. The bull market in treasuries is likely over. The downside is obvious, and the next major move in yields is North. If the Fed does try QE3, the bond market could revolt. Right now, until the Fed does something new, the treasury market can go either way. I see no particular edge in shorting long-term treasuries now, but that certainly does not mean buy them. 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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SEOmoz Daily SEO Blog |
Posted: 12 Jun 2011 02:37 AM PDT Posted by Dejan SEO This post was originally in YOUmoz, and was promoted to the main blog because it provides great value and interest to our community. The author's views are entirely his or her own and may not reflect the views of SEOmoz, Inc. I love freestyle link building. There is hardly anything more satisfying than getting in the zone and branching out into countless search iterations plucking opportunities one by one, thinking of great content ideas, implementing it, sending it out and watching it hatch. This article, however, is not about that. Instead I will take you through methodology evolved within Dejan SEO team over the period of last two years which helped us manage extremely competitive SEO projects. Large-scale link building campaigns for multiple websites require well-defined workflow, scalability and structure. Planning Stage Assessment of Current Backlink Profile Risk Analysis Questions to ask are:
Risk of algorithmic penalty decreases with the size of the site you're working on, and by 'size' I mean its natural organic status. Typically larger brands and well-known websites have complex link profiles with numerous sources of links. A few scattered paid links are probably not worth chasing after. If it's a part of an automated scheme though, something that might poke a quality rater in the eye then it might be worth going through the trouble of cleanup - especially if you work in a competitive industry where spam reporting is a common practice. Competitive Analysis Qualitative Analysis Common tools available for this type of research are:
Quantitative Analysis Link Velocity Existing Links Defining Targets Pages / URLs Phrases Assessment of Assets Linkable Content Unused Assets Data Relationships Keep in mind that everything you do online impacts your client's brand online - so try not to spam or upset people with your link building activities. You may not be aware of it, but a single person on your team may be doing it right now - quality control is essential. Forming a Schedule Choosing Link Building Styles Percentage Allocation Balancing Targeting, Quality, and Quantity Budget Selecting People Setup Team Brief The above are not just vague notions, provide solid lists and guidelines that are practical and actionable. You will also need to equip your staff with appropriate email addresses to use for link building and setup professional-looking email signatures. Each team member should already have their own developed online persona which will be looked at by people who are about to give a link or start communication with them. If they don't, then include it as part of the setup process. With directory submission details, keep in mind that you should probably not use own emails or phone numbers when submitting and also client's own email or office address may not be appropriate for public listing. Check with the client before you go sharing their contact details online. Use the brief session to allocate roles within the team in detail so they know who does what (e.g. content, research, negotiation). Content Generation Creative Idea Process Link Building Workflow Research Activities Obstacles in Research Activities Distractions Fragmentation Topical Iteration Flow Mapping Outside Intrusions Recording Targets Balancing Placement Negotiation Quality Control Result Monitoring Coaching Productivity Tools Conclusion If you are surprised by the amount of work that goes in the setup and execution of our link building campaigns, remember this is not a guide for managing small projects or a single account. Instead I have shared with you a set of measures we put in place to keep large-scale link building operations successful and manageable. |
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If you only show up when you want something, we'll catch on.
If you only learn the minimum amount necessary to get over the next hurdle, you'll fall behind.
If these short term choices leave you focused on the urgent, you'll almost never get around to doing the important.
A professional salesperson refuses to engage in the short-cycle of cold call/sell/move on. An urgent plea from the boss before the end of the quarter isn't enough reason to abandon your consistent approach. That's because cold calls are painful and rarely lead to sales. The professional salesperson realizes that closing a sale and then moving on wastes an opportunity for both you and the person you're working with.
A flustered programmer who grabs the relevant library without understanding its context or the role of the libraries around it will be in the same urgent state in just another few days.
The politician who only shows up when it's time to raise money, probably won't.
We remember what you did when you didn't need us so urgently.
If you're going to make a career of it (and of course, if you want to excel, you will), that means taking the time to understand the texture of your field. It means investing, perhaps overinvesting, in relationships long before it's in your interest to do so.
When it comes down to decisions that matter, your town, every town, is far more likely to support the one who has moved in, put down roots and contributed than it is to rush to whatever bright shiny object shows up for a few days before moving on.
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