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When the hardware store sells you a single screw for a dime, shouldn't they just give it to you? Especially if you're a good customer?
Shouldn't that singer (you bought all her albums) return the love? You're only asking for a few seconds, a hug, a handshake, an autograph...
It's easier than ever to break your offering into smaller bits, into pieces that are part of the whole but are tiny on their own.
Add up enough small slices and that's the whole cake. Asymmetry is the rule now, not the exception.
Small slices can't be free in the long run, not if that's the only kind of slice there is.
Either you need to figure out how to sell your small slices, or you need to invent some big slices that are obviously worth what you need to sell them for.
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Mish's Global Economic Trend Analysis |
Posted: 30 Mar 2012 01:06 PM PDT In a welcome, albeit long overdue attack of common sense, Canada Eliminates Penny Costing Penny-and-a-Half to Make. Canada will withdraw the penny from circulation this year, saving taxpayers about C$11 million ($11 million) annually and forcing retailers to round prices to the nearest nickel, the government announced in its budget today.Economists said there would be "little" impact on inflation. Actually, there will be "no" impact on inflation. The penny has not been discarded as a pricing point, rather final transaction costs will be rounded to the nearest nickel. The US needs to follow suit. Dealing with pennies is a nuisance. 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. |
Question on Jobs: How Many Does It Take to Keep Up With Demographics? Posted: 30 Mar 2012 10:29 AM PDT John Mauldin pinged me with a question on jobs and demographics from one of his readers. Hello John.How Many Does It Take to Keep Up With Demographics? Ben Bernanke has estimated 125,000 jobs a month. That is the number I have been using recently. However, based on demographics alone, I believe 75,000 is indeed the correct number. 75,000 is a number I arrived at a couple of years ago independently, for the boomer-bust years of 2013-2015. So why use 125,000 if it only takes 75,000? I do not know Bernanke's rationale, but I can explain mine.
Point number 4 above is the key issue. Household Survey Data - March 9, 2012 ![]() click on chart for sharper image Take a good look at the household survey from the latest BLS jobs report. Recall that the unemployment rate comes from the household survey, and not the headline jobs number. Note that 428,000 jobs were allegedly created in February. Also note the unemployment did not change. Why? Because the civilian labor force went up by an even larger 476,000. Thus the unemployment rate actually rose a fractional amount that rounding took away. If I would have told you that a rise in 428,000 jobs would not drop the unemployment rate you would have thought I was off my rocker. Yet it happened, assuming of course you believe BLS numbers, complete with amazing seasonal adjustments. Back to School Stats Let's take a look at some interesting points from Consumer Credit "Demolishes Expectations" Really? No Not Really! The "Non-Bounce" in Non-Revolving Credit Non-Revolving credit rose $11.8 billion in December. However, $8.8 billion of that is growth in federal government loans (which just happens to be where student loans are parked).Hiding Out In School All those hiding out in school, including those going back to school for retraining are not counted in the ranks of the unemployed. Nor are discouraged workers, who stopped looking for a job. As soon as those folks think there are jobs, they will start looking. Economically speaking, that would be a good thing if it happened, but it would also increase the number of jobs it will take to hold the unemployment rate steady. In a vacuum, all things being equal, it would take about 75,000 jobs a month demographically speaking. But things are not equal. Millions of workers want back in the labor force and they will start looking, especially students who at some point will have no choice. It may take 150,000 jobs a month or even 175,000 jobs a month, if those workers come back into the labor force in a 2-year surge. That is still not the end of the story. What if we slip back into recession and people stop looking? How many will it take then? The answer may be closer to 100,000. The middle of the road approach is to stick with the number I have been using recently which is 125,000 a month. The irony is, the better the economy is, the more jobs it will take. One way or another, headwinds on lowering the unemployment rate are very strong. All things considered, I see no reason to deviate from my "Structurally High Unemployment For a Decade" call made years ago and reiterated in January in Fundamental and Mathematical Case for Structurally High Unemployment for a Decade; Shrinking Job Opportunities and the Jobs Gap; The Real Employment Situation. For further discussion please see Where is the Unemployment Rate Headed? Interactive Mapping Lets "You" Set the Parameters, and Plot a Graph 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 |
Marauder Armored Vehicle Featured in Top Gear Posted: 30 Mar 2012 01:47 PM PDT Top Gear episode 1 of season 17 aired on the BBC featuring a high-mobility armoured personnel carrier called the Marauder. Claimed to be the "world's most unstoppable vehicle" the Marauder can provide protection against mines, IEDs and ballistic attack. It can also carry up to 10 fully armed troops and can be configured in a number of variants depending on the role. Designed and built by the Paramount Group of South Africa, Top Gear sent co-host Richard Hammond there to put the Marauder through a series of extreme challenges. Without breaking a sweat, the Marauder flattened cars, smashed through brick walls and fended off attacks by hungry lions in the South African bush. As a finale, a Marauder and a Hummer were blown up in explosions simulating the roadside bombs faced daily in conflict zones. The Hummer was totally destroyed, but the Marauder was barely damaged and drove away. Weighing around 15 tons, the Marauder can carry 3 tons, hit a maximum speed of 120 km/h (75 mph). ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Via: 4wheelfun |
Is An MBA Worth It? [Infographic] Posted: 30 Mar 2012 01:44 PM PDT Deciding whether to get an MBA can be a tough decision. On one hand, business school is a big investment of time and money. On the other, an MBA opens doors to new job opportunities and increased earning potential. So, how do you know if an MBA is right for you? Like any good businessperson, you need to look at facts and figures. Check out this infographic for key stats on business school's potential ROI. Compare lifetime earnings for people with MBAs and those without, learn about the pros and cons of Executive MBA programs, and check out reasons other aspiring b-school students cited for going back to school. Click on Image to Enlarge. ![]() Created by: MBAOnline.com |
22 Month Old Rock Climbing Baby Posted: 29 Mar 2012 09:57 PM PDT |
Posted: 29 Mar 2012 09:49 PM PDT Titanic is getting a 3D re-release next week. Since its release in 1990 a lot of eagle-eyed viewers have spotted well over 200 mistakes in it - here are 15 of the best. ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Via: Moviemistakes |
Important Lessons Learned On Facebook Posted: 29 Mar 2012 07:36 PM PDT |
Gaming is Good for You [Infographic] Posted: 29 Mar 2012 07:30 PM PDT Our latest infographic goes over some really great things video games are responsible for. It's pretty surprising to find that genre to genre, games can do some remarkable things for your brain and body. While I'm not thrilled to find my kids three hours in to a Halo session, I'm certainly relieved to learn that some real good can come out of their gaming. The other useful thing I took away is that moderation is crucial to healthy gaming. It makes sense. Video games have very real benefits but too much of the same thing, day in, day out, actually ends up hurting you. As a dad, it's a relief to hear that if I have to, I can still yank the plug and point to the door. Check out the inforgraphic and see what good gaming can do for you. Click on Image to Enlarge. ![]() Via: Frugaldad |
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