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The boss, conference organizer, co-worker, interviewer, parent or client who wants your best work, your art and your genuine enthusiasm:
...can demand that you bring your best possible work the first time, can point out that they are paying you well, that they're busy, that they're powerful, and that they accept nothing short of high performance or you're out.
...or they can nurture you, encourage you, set a high bar and then support you on your way. They can teach you, cajole you and introduce you to others that will do the same.
The first strategy is the factory mindset, of interchangeable parts and interchangeable people. It is the strategy of ensuring six sigma perfection, on demand, and the strategy of someone in power, who can demand what he wants, when he wants it.
You don't make art this way, or emotional connections, or things that haven't been made before. You may get the job done, but it's not clear if you'll make a difference.
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Mish's Global Economic Trend Analysis |
German Exports Decline Significantly and "Unexpectedly" Posted: 08 Jul 2013 12:23 PM PDT Given that all of Europe is in a major recession and it is nearly impossible for the German export machine to keep cranking in such circumstances, the only real surprise is how long it took for German exports to the rest of the eurozone to plunge. Nonetheless most economists were surprised by the news Germany's Recovery in Question as Exports Decline Significantly. German exports declined in May at their fastest pace since 2009 because of the slowdown in key European and China markets, adding to worries that the country's recovery was losing momentum.Summary
Recovery? What Recovery? For some inexplicable reason economists expect the German economy to "pick up further". I expect Germany to sink back into recession (not that it really ever left recession). 0.1% growth is a rounding error, not "growth". Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com 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: 08 Jul 2013 10:57 AM PDT The Financial Times reports Muslim Brotherhood calls for uprising after Cairo violence The political crisis in Egypt deepened on Monday when the Muslim Brotherhood called for an uprising against those who want to "steal the revolution" after at least 51 people were killed and 435 injured at a Cairo rally in support of the nation's ousted president, Mohamed Morsi.Civil War Brewing? The Guardian reports Muslim Brotherhood decries killing of Morsi supporters in Cairo 'massacre' The army said an "armed terrorist group" attempted to break into the Republican Guard headquarters and attacked security forces. One officer died and 40 soldiers were injured, seven of whom were in a critical condition, according to al-Ahram, Egypt's leading pro-government newspaper. The army said it had arrested at least 200 people who had large quantities of firearms, ammunition and Molotov cocktails.Let's hope that cooler head prevail, but the radical Muslim Brotherhood may not give up so easily having been forced out of power by the military. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com 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: 08 Jul 2013 01:36 AM PDT Reader Tim Wallace provided another excellent series of charts on the employment situation. These charts compare June employment in 2013 to June in prior years. click on any chart for sharper image June Employment June Full-Time Employment June Part-Time Employment Wallace writes "Hello Mish. The full-time job loss since June of 2007 now tops five million. The overall job loss is still 2 million, in spite of the fact the US now has a working-age population that is 14 million higher than in June 2007." Snapshot 2007 vs. 2013
Snapshot vs. Prior Year
By this comparison only 2012 looks anything close to a normal recovery year. Some of the jump in 2012 is due to revisions from 2010 and 2011 that were not as bad as originally reported. In the last year, the economy gained 1.316 million full-time jobs, about 110,000 a month. Overall jobs rose by 1.639 million, about 137,000 a month, a number just above what it should take to hold the unemployment rate flat. Month-Over-Month Month-over-month distortions abound. As noted on Friday, Part-Time Jobs Increased by 486,000 with 326,000 Full-Time Jobs Lost. Seasonally Adjusted Part-Time Employment Wallace charts show non-adjusted numbers vs. the same month in prior years, and that is a valid statistical comparison. Let's also look at seasonally adjusted numbers vs. the prior month, also a valid comparison. The trend towards part-time employment since 2010 is volatile, yet unmistakable. Part-Time Employment vs. Prior Month
Obamacare Job Double Counting The above part-time numbers do not show the trend one might expect. Moreover, establishment survey numbers show a fair amount of hiring (+195,000 in the latest report), with recent months revised higher. Here's the problem: The establishment survey double counts jobs when someone takes an extra part-time job, whereas someone working two part-time jobs is counted as employed just once in the household survey. For example: Thanks to Obamacare, someone who used to work 35 hours a week for Olive Garden now works 22 hours for Olive Garden and 12 for Applebees. And Someone who worked 35 hours for Applebees now works 22 for Applebees and 12 for Olive Garden. The establishment survey sees two additional jobs created when precisely zero jobs were created. Since this is happening en masse, I expect downward revisions in the future over Obamacare Double Counting. The Obamcare effect is real. The distortions are complicated, numerous, and not widely understood. Obamacare Economic Distortion Synopsis
For more on Obamacare Economic Distortions, please peruse the above links to your heart's content. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com 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 |
Ultimate Weird Japanese Commercials Compilation [Video] Posted: 08 Jul 2013 05:03 PM PDT |
Posted: 08 Jul 2013 04:43 PM PDT It may sound scary and crazy, but the story is really interesting. Holly Griffiths is 21 years old and has battled anorexia from the age of eight. She gave birth to her son at 37 weeks via caesarean and she was so thin that the baby actually broke one of her ribs while he was growing inside of her. Holly is now pregnant with her second baby and here are some pictures of her before and during her pregnancy so far. Before Month 4 Month 5 Month 6 Month 8 20-week scan 32-week scan Her first child Dylan. |
Pepper from “American Horror Story” in Real Life Posted: 08 Jul 2013 04:21 PM PDT |
Posted: 08 Jul 2013 04:10 PM PDT |
A History Of Crufts [Infographic] Posted: 08 Jul 2013 08:57 AM PDT Vet Medic have created this unique and comprehensive infographic about the world famous dog show Crufts. The infographics is bursting at the seems with facts, trivia and cool information about the biggest name in dog shows. Click on Image to Enlarge. Via: Vet Medic Pharmacy |
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