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[You're getting this note because you subscribed to Seth Godin's blog.]
You might be stuck because you pick the wrong fork on a looping road. You keep getting better at the route you cover, but it doesn't go anywhere, you just keep doing it over and over. Nine years of experience is very different from one year of experience, nine times.
You might be impatient or unable to stick to your decision to take this particular road, and thus you're always starting on a new road. Since the new road is always strange to you, you rarely get any better at getting where you're going.
You might be on the wrong road. Sure, you get better at navigating your way, you can walk faster, you feel more comfortable--but this road is never going to lead much of anywhere.
And, if you're lucky, you might be on the right road, and getting better as you go.
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Mish's Global Economic Trend Analysis |
Posted: 18 Oct 2010 08:16 PM PDT Congratulations of sorts go to Chicago for having the most messed up pension plan of any city in the nation. Please consider Chicago faces crisis over pension funding, how to pay for it Much has been made of retiring Mayor Richard Daley's plan to draw down reserve funds to balance next year's city budget and how it could burden his successor.Number of Chicago Households Inquiring minds just may be wondering "How many households are in Chicago?" The answer is 1,044,027. That would make the pension liability a mere $43,813,637,082. Chicago is bankrupt. 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. |
Industrial Production Unexpectedly Declines, First Drop in a Year; Where to From Here? Posted: 18 Oct 2010 09:44 AM PDT In yet another sign of a weakening economy, Production in U.S. Unexpectedly Dropped in September Output at factories, mines and utilities fell 0.2 percent, the first decline since the recession ended in June 2009, figures from the Federal Reserve showed today. Factory production also decreased 0.2 percent, reflecting declines in consumer durable goods, like appliances and furniture.Industrial Production Release Inquiring minds are interested in the Industrial Production Release details. ![]() Final products and consumer goods were both down for the second consecutive month. With the collapse in housing and the stimulus money pretty much spent, I expect further weakening of all the major market group components. The only positives in the report this month are mining and business equipment, with the latter weakening rapidly. Industrial Production ![]() In percentage terms the bounce in industrial production looks impressive. In actual terms it looks pretty feeble. Note that industrial production collapsed to 1998 lows at the bottom of the recession, taking back an unprecedented 11 years worth of gains. In spite of the huge bounce from the bottom in percentage terms, Industrial production is barely above the level in 2000. Business Inventories ![]() Note the impressive drop in business inventories. In percentage terms the rebound looks good, but only in percentage terms, not real terms. Moreover, the important point is that inventory replenishment is nearly over. Looking ahead, production will be more in line with actual final demand, and that demand looks both weak and weakening. Look for 3rd quarter GDP to surprise to the downside. Fed is Spooked I believe this is what has the Fed spooked. Yet, spooked or not, the Demographic Pendulum is in Motion. Demographic Pendulum in MotionOnce attitudes hit extreme then reverse, there is nothing the Fed or anyone else can do about it. 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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Damn Cool Pics |
Posted: 18 Oct 2010 08:01 AM PDT |
Posted: 18 Oct 2010 06:55 AM PDT Usually parents would do anything to make sure that the up bringing of their children is done in the best possible way. However, some of them don't really deserve to be parents. Take a look at these pictures to see what I mean. Related Post: Bad Parents Animal Parents Vs. Human Parents ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
Posted: 18 Oct 2010 04:53 AM PDT What`s wrong with these guys? Daddy issues? Mad at the world? What? ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Related Posts: Nerd Tattoos Eye Tattoo Women and Tattoos Weird Skin Burning Tattoos Sexy Tattoos Head Tattoos Really Stupid Tattoos Fast Food Tattoos Ear Tattoos Connect-the-Dots Tattoo Celebrities With Tattoos The 25 Most Ugliest Gaming Tattoos Extreme Body Piercing |
Posted: 18 Oct 2010 04:19 AM PDT The photos are mostly from the Google headquarters in Mountain View, California, but some pictures were taken at the Google New York City offices. If you worked in the Google headquarters, you could bath in a lap pool, have a massage in a massage room and if too tired, take a nap in a nap capsule and many other stuff. I've seen plenty of cool offices but any of the Google offices around the world is the best! ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
New Way to Fight Prostitution in Russia Posted: 18 Oct 2010 04:15 AM PDT |
The Lion Whisperer - Kevin Richardson Posted: 18 Oct 2010 01:19 AM PDT Kevin Richardson plays with white lions at a park in South Africa. The lions seem to love him. Animal behaviourist Kevin Richardson says he relies on instinct to win the hearts and form an intimate bond with the big cats. He can spend the night curled up with them without the slightest fear of being attacked. His magic works not only work for lions but other animals such as cheetahs, leopards and even hyenas do not hold a threat against him. Lions are his favourites and its a wonder how he can play, carress, cuddle with them whose teeth are sharp enough to bite through thick steel. Its a dangerous job but to Kevin, its more of a passion for him. ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
Posted: 18 Oct 2010 12:57 AM PDT Cakes are perfect to celebrate any event or occasion. We all are fond of cakes. The more we eat, the more we want to eat. A wedding cake is the traditional cake served to the guests at a wedding reception. These weird wedding cakes, apart from the color and structure, are completely different from any other wedding cakes. ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Related Links: Geeky Cakes American Cake Art Russian Cake Art Christmas Cakes Weird and Creepy Cakes Worst Birthday Cakes Ever 50 Awesome Super Mario Cakes The Most Creative Cake Designs |
The 10 Most Dangerous Stunts Of Jackass Posted: 18 Oct 2010 12:40 AM PDT Jackass 3D arrives in theaters this weekend and while many may be ready to dismiss Johnny Knoxville and the gang as just a bunch of idiots, we're not. Sure they're idiots, but they're really brave idiots willing to risk life and limb for your entertainment. It's more than just scat jokes, they're modern day daredevils and sometimes their stunts go so far that it's a miracle at least one of them hasn't ended up dead yet. This weekend Jackass 3D will show up with a whole new host of stupidly death defying stunts, but before that we're taking a look back at the most deadly Jackass moments of the past. Here they are, the ten most dangerous stunts of Jackass… so far: More Infographics. Click to Enlarge. ![]() Source: cinemablend |
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