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miercuri, 29 august 2012
Update on Hurricane Isaac
Lead from Within: 10 Strategies to Become a Successful In-House SEO
Lead from Within: 10 Strategies to Become a Successful In-House SEO |
| Lead from Within: 10 Strategies to Become a Successful In-House SEO Posted: 28 Aug 2012 07:53 PM PDT Posted by Jonathon Colman Let's start by level-setting expectations right away: this post has very little to do with actual SEO implementation. You won’t find any performance tips, analytics hacks, or war stories with technological terrors and the people who engineer them in this post. If that’s what you’re looking for, there are several other sources you can peruse. Instead, we’re going to focus on how you can become a leader within your organization by building a positive reputation for in-house SEO. In doing so, we'll cover how you can elevate your personal profile by using productive strategies and value-oriented tactics as well as focus on ways to untie your hands so that you can get more great work out the door to your customers. According to this post (scroll way down and see slide #20 in the presentation), about 15% of SEOmoz community members are in-house SEOs along with 28% of PRO users – that’s the niche audience I’m writing for, as well as for folks who are considering a career as an in-house SEO. So let’s get down to the Good Stuff: the art of being a successful in-house SEO and making a difference for your organization and your customers, constituents, and users. As you may know, I recently left the SEO field to focus on information strategy, but with the past 11 years of in-house SEO under my belt, now's the right time to pass on my best in-house SEO secrets. But beware, this is complicated, challenging stuff: hic sunt dracones! #1: Be the best person to work with at the officeAttitude matters. I’ve known so many SEOs who are cantankerous SOBs who seem to hate their jobs, their colleagues, and their work. When they enter a room, they steal all of the energy away from everyone with their dour attitude, woe-is-me approach, and overall negative vibes. But you’re smart and can do better than that – don’t be that guy or gal! Instead, apply the tenants of inbound marketing to your relationships with co-workers. Nothing’s more important for building a positive reputation for yourself and for your SEO work than being a great partner to your team, your colleagues, and your leadership. To be successful in these areas, it’s not enough to just drive great results – you need to drive great relationships and experiences, just like you would for your external customers and users. Your partners should walk away from their encounters with you not thinking about how smart you are, but how smart and empowered they feel after talking with you. I’ve achieved great results with this approach by:
That last point is the most important. The secret to success as an in-house SEO is simply this: don't be a rockstar. Or a guru. Or a ninja. Those titles set up divisions between you and your colleagues and they place you on too high a pedestal from which you can easily be knocked off when you don't hit traffic/sales targets, or when Google introduces a new algo update. Instead, when people introduce you as "Our SEO guru", quickly (but politely) correct them. You should re-frame your role and yourself as being more of a servant leader who provides services to others, even if you're not in management. Many of the above points are things I learned from studying non-violent protests when I was in college (who knew that Gandhi and the Civil Rights movement in America could provide so many useful tactics for SEO?). But in the name of TAGFEE (more on that below), I also want to share some times when I wasn’t such a good partner... and the negative outcomes of those actions. The following are real, actual mistakes that I made over the span of my career. You should avoid doing these at all costs:
Ha, I told you this was TAGFEE, right? What you can learn from the micro-stories above are the values of empathy, partnership, humility, and patience (not to mention assessing a situation before jumping into it). There’s also a strong lesson here about disregarding perfection, which I’ll speak more to below. But your most powerful tool as an in-house SEO is your ability to admit transparently and authentically that you don't know everything. PRO-tip: when you get that funny feeling in your chest like you’re about to explode in rage at a colleague… go for a walk outside instead. Breathe deeply and then count to five. It does wonders for your body and mind while building resilience for the real priorities at hand. Then go back in and find a way to either "negotiate to yes" or to move forward productively without doing damage to your relationships. I won't lie to you: being the best person to work with is hard. It's a constant challenge and I must acknowledge that I have not been entirely successful in achieving it. But it's the best way to pursue long-term, sustainable in-house SEO... or anything else in life that matters to you. #2: Always talk about SEO from the perspective of people, not robotsFace it: besides you, no one cares about robots. And even when people do care about robots, they still have great distrust for them. And can you blame them? Robots aren't like us, they have no emotions, and they're typically depicted in films and books as being our post-apocalyptic enemies (Asimov is just an exception proving the general rule). Only us SEOs and sci-fi geeks love robots more than people. Think about it – here's a summary of the attitudes that you're up against with your employer:
So robots get a bad rap, even though as SEOs we know that robots are consumers of our content and that they act as way-finding agents for humans who are trying to find our content and products. People use robots every single day as they go about their basic activities, but most folks don't realize that because they conceptualize the robot's activities as being services for people. See what just happened there? Our anthropocentric bias has shone through once again. I've found that it's quite hard to change people's minds about robots, but it's far easier to hack their understanding of SEO so that they can see how it focuses on human users. This is a lot easier than you might think – here's a couple ways that you can get started:
#3: Don’t rely on data to tell your story for youWe all know that it's essential to work from data and place data, facts, and figures at the core of our business cases. But what we often forget is that, as SEOs, we're probably the most data-literate people within our organizations. Which is to say that speaking about statistical significance, or basis points versus percentage points, or even VLOOKUPs in Excel can actually frighten off our colleagues and lead to distrust – especially in an organization where people have historically "cooked the books" or otherwise used data in misleading ways. So we need to use data to tell the story of our work and – most importantly – to show our colleagues and leadership the positive impact that we have on customers. Our key tools here are story-telling and data visualization. As content marketers, we all know the powerful roles that these two tools play in our work to engage customers... so why not leverage them internally with your colleagues? Again we see the value of applying inbound marketing competencies to your work inside an organization. How can you get started in this? Conrad Saam recently showed us how we can improve our reporting with scattergraphs, which present data in a visual format. My director, Samantha Starmer, talked about the value of storytelling (and how to tell a good business story) on the Slideshare blog. Rand prepped all of the MozCon speakers with a Whiteboard Friday video on the mechanics of creating great presentations. This isn't just a trick you can use at conferences; it's something that you should do in all of your presentation decks, especially ones that you make inside your company. After seeing deck after deck of bad fonts and bullet points – not to mention speakers who just read the text on their slides without bringing any additional value to them – you'll come across looking professional and polished, someone who's both trustworthy and believable. In essence, you'll earn your colleagues' attention, just like a good inbound marketer should. #4: Help your colleagues meet their goals before asking them to support yoursWhen I first started doing in-house SEO work, I had no idea how to perform the "Inception" trick of getting partners to do SEO on my behalf as if it was their own idea. So I blindly stumbled along, asking – and later begging – for favors. Soon I wasn't getting any support at all because I was pitching SEO as something extra that everyone had to do on top of all of their other responsibilities. Worse still, even when I did get support, I would often destroy the relationship by producing reams upon reams of documentation and insisting that every detail be perfect. Don't do that – relying on altruism in a stressful and fast-paced environment is generally a losing proposition. Instead, start with an open, honest, and most of all direct conversation about what really matters to your colleagues. Do this with as many individuals as you can, not just at a team- or group- level. This is where you splurge and buy people coffee, tea, doughnuts, take them out to lunch, bring in pizza, or generally do whatever it takes to set people at ease and get them to open up. You should be just as literate in your colleagues' goals and objectives as you are in the latest Google Panda iteration. So your goal is to figure out not just what they're doing, but why they do it in the first place. How does it impact users or customers? How is their role incentivized to perform? What metrics do they use to judge their work? What are they reviewed on by their management? And beyond the office, what are they trying to achieve with their lives? Learning these key data points will help you construct a strategy and workflow for SEO that helps them succeed at their goals. And if you can do that, then you'll find that they're much more willing to help you out. That's why I always refer to organic search traffic and sales as being "your impact" or "everyone's impact" rather than "my impact" – and this goes a long ways toward securing support from others. Bottom line: you don't look good unless you make your colleagues look great. Seek to elevate them and to serve their needs before your own. Here are some resources to get you started with a values-based approach to relationships:
#5: Build a professional development planIt's hard to steer your ship – let alone your strategy for SEO and inbound marketing at your organization – without knowing where it's headed. And if you find that you've stopped learning and that your days are filled with nothing but ranking reports, then your ship has clearly run aground. One way to solve these problems and keep yourself focused is to build a professional development plan for yourself. Elements of a strong plan include:
It was the act of building a professional development that helped me realize that I wanted to go back to school and switch the focus of my career from SEO to information management and strategy. It wasn't until I put this plan together that I realized how much I enjoyed story-telling in business settings, which gave me confidence to start pitching SEO and Internet marketing conferences for speaking opportunities. Want to find out what you really want? You can get started with this great guide for EduCause (PDF) that includes worksheets, templates, and journals. PRO-tip: Use gamification to keep yourself invested in your long-term development. For a while, I was mentally giving myself what I thought of as "experience points" (yeah, I grew up playing D&D – what of it?) for overcoming particular challenges, whether it be commenting on someone's blog, submitting a pitch for a conference, or getting some optimization out the door to customers. You could take the next step by documenting your own experience points in an Excel, or placing them on a big chart on your wall, or even creating physical representations for them to give yourself a more in-depth awareness of your progress. Having trouble coming up with a vision for your career or work? Try checking in with a career counselor near you who can help you learn about yourself, your goals at work, and inspire you to construct language around what you want to achieve. You may have the opportunity to undergo tests like the Myers-Briggs Type Indicator or the Strong Interest Inventory to learn more about your interactions and passions. I've known several people who have taken this approach and they've all enjoyed the experience, considering it money (and time) well spent! #6: Go AgileGo back and look at what we've covered so far; none of it has focused on technology, implementation, or code. Rather, we've focused on people instead of systems; listening and understanding needs instead of acting blindly; using data to tell stories and work toward goals; and being a great colleague/servant in order to build strong teams. These are all tenants of Agile Marketing – which is so clearly the way of the future that it's all I can do to not shout it from the roof-tops. Mark my words: all marketers and especially SEOs will be working this way in the future. Why? First of all, Agile has an excellent track record of success in the world of software development. Devs have been using this process and methodology for nearly two decades and marketers should learn from their experience in order to solve common problems that we always see in our work, such as:
Do these sound like realistic descriptions of the problems you face in doing your job as an in-house SEO? Agile marketing helps us solve these core institutional challenges, allowing us to get closer to our customers while reducing time to market with our campaigns and optimizations. Get started now by following these steps:
#7: Break down the silos to work across channels beyond just SEOHere's a question to ask yourself: what do you think customers do when they're not conducting searches and clicking on results? It turns out that they're real people (!) who are active in the world, have families they care about, live in communities, pursue their dreams, resist the fears and challenges that get in their way, snack on their favorite junk foods (in case you're wondering, I'm a fan of Frito-Lay® TOSTITOS® Restaurant Style With A Hint Of Lime Flavored Tortilla Chips), and so on. So why should we treat customers as if they're just a collection of one-and-done organic query strings? Why should we just focus on their last organic click that either leads to a conversion (or doesn't) instead of trying to understand the bigger picture of the customer's journey? Well, of course you shouldn't do those things. Repeat after me: "MY USERS ARE GREATER THAN THE SUM OF THEIR KEYWORDS." Note: this is a helpful motto to keep in mind as we approach year two of "Keyword (not provided)." Instead, use multi-channel attribution measurement with a longer attribution period than you might normally employ (say, a 30-day window instead of just same-day or even seven-day attribution) in order to get a better sense of the customer's actions online. Mike Pantoliano from Distilled recently spoke about attribution modeling at MozCon, showing how you can get started quickly just by using Google Analytics. You'll see some really exciting, inspiring phenomena when you do this:
On that last point, it's pretty hard to measure your customers' activity when they jump from the online to the off-line world (and back again). Unless you have lots of expensive hardware, software, and a non-creepy way of tracking your individual customer's behavior, it' difficult to assess these sorts of multi-channel actions with any degree of accuracy. PRO-Tip: to get at this figure, we assigned a revenue estimate to online actions that signaled off-line intent (see slides #12-15). You can set up Google Analytics goals to measure these events and then multiply by your revenue figure. A more complex model would also factor in off-line conversion, abandonment, and average customer spend to come up with an even better estimate of true customer behavior. Taking this approach allowed us to establish a series of KPIs that we could measure ourselves on and optimize against as we made enhancements. Is it perfect? No way. But it let us get started on work without losing time to "analysis paralysis". Even Avinash admits that it's going to be awhile until we have truly reliable measures of online/off-line jumps and real-world customer activity. So my advice is to stop waiting and start testing. Want to learn more about multi-channel attribution and get started in your analysis? Start here:
#8: Stop. Chasing. Perfection.As I've mentioned above, trying to be perfect in all of your actions tends to lead to more liabilities than benefits and more problems than solutions. A summary of those issues includes:
The secret that SEOs (and pretty much everyone) need to learn is that we can't be perfect. It's not because we're not smart or talented or don't know what we're doing; rather, it's because things change in our industry far too quickly. "Perfect" today equates to "ZOMG! This is totally wrong!" tomorrow. Don't believe me? Look at the inboung.org homepage and count the number of disciplines and tactics that you need to know just to be minimally proficient in search marketing, let alone a completely up-to-date expert. If you waited until you were an expert in everything before doing anything... well, you'd never do anything at all. So here's the solution, direct from Agile development: instead of trying to release complete products, campaigns, or optimizations, break them down into a series of small iterations that span from a minimum viable product (or "MVP"; in marketing terminology, this would be a minimum viable campaign) up to a final release of finished work. By adopting this principle of ongoing, iterative, continuous delivery, you can avoid the need for perfection and provide awesome features, tools, and content your customers right now instead of making them wait for six months or a year. As Steve Jobs once said, "You can't just ask customers what they want and then try to give that to them. By the time you get it built, they'll want something new." So if we drop our notions of perfection in SEO and inbound marketing while ramping up our ability to make small, quick implementations, we'll deliver what our customers need to be successful in their goals. If you make a mistake or get negative customer feedback, that's OK because you can fix it during your next release cycle, which might be just a week or two away (or sooner – Etsy.com has multiple releases going out daily) instead of half a year later... or longer! Furthermore, by adopting a Build-Measure-Learn workflow, we can ensure that each new iteration is better than the last by making use of one of your core talents as an in-house SEO: your mastery of data and analytics. You can leverage those skills to show your partners and leadership the clear impacts of your efforts. Crunching the numbers from each release of your campaigns or optimizations provides the data you need to demystify SEO for your colleagues, which in turn builds trust and more robust support for your efforts. So don't chase perfection – chase speed and frequency of releases instead! #9: Hack your organization – and our industry! – with TAGFEE"TAGFEE" stands for Transparent and Authentic, Generous, Fun, Empathetic, and Exceptional. You're probably aware that these tenants are the core guiding principles for SEOmoz as a company. About a year ago, I got several Mozzers, associates, and members of the wider community to write about what TAGFEE meant to them and how they're using it in their daily lives. And like I said in that Q&A post, I still believe that TAGFEE is just as much an innovative tool for our work as SEOs as Open Site Explorer, the Keyword Difficulty Tool, or even Excel. Here's why: think about how much time our industry spends on myth-busting all those falsehoods about SEO. Consider how much distrust there is about what we do, why we do it, and even who we are. Think about how many times you, personally, have had the white-hat/black-hat conversation with your colleagues and peers. Remember every time that someone's sighed or rolled their eyes when you bring up SEO. And don't even get me started on how many times SEO has died. So you're well-aware of how the public misunderstands our work, but also consider how they perceive our community: blackhat SEO forums were recently mentioned as being the fifth most disturbing online community on the entire Internet, right up there with child pornographers, online hit men, and suicide/self-harm groups. Think that these perceptions don't affect you? Think again: when you want to transition to a leadership role, when you interview for a job at another company, or when you want to make a move to another industry, you'll be challenged with these questions and misunderstandings about the work you've been doing. I honestly believe that TAGFEE is one of the ways that we can bring our role within an organization – and, at the macro-level, our industry – out of the slimy gutter of snake oil. If we want to change the perception of SEOs in our own organization as well as in the public space, then we all need to hold ourselves responsible for acting. Here's how you can make TAGFEE work for you right now in your in-house SEO job:
Next steps: apply these learnings in your personal online brand and other external channels. Blog about them, talk about them at conferences, build stories around them and become an advocate for radical transparency, authenticity, generosity, fun, empathy, and exceptionalism in your everyday life. You'll know that you've got it right when you start to see positive changes in your relationships, your conversations, even your use of language. Not to mention better sleep at night. Furthermore, if you want to come up with your own code or your own guiding principles, that's great! You can (and should) iterate on SEOmoz's solution to make your own set of personal tenants that help guide your way through your own organization. #10: Don’t just listen to me – learn from others, too!A number of other folks have told great stories with actionable tips for optimizing the in-house SEO experience. Here are a few of my personal favorite resources to help you continue your journey:
That's it! I'm looking forward to your comments below – in particular, I'd love for you to share any other strategies for success as an in-house SEO so that we can all keep learning together and make this post a collection of resources for folks who are new to the in-house SEO discipline. What are your favorite in-house SEO strategies, tactics, and hacks? Let us know! Sign up for The Moz Top 10, a semimonthly mailer updating you on the top ten hottest pieces of SEO news, tips, and rad links uncovered by the Moz team. Think of it as your exclusive digest of stuff you don't have time to hunt down but want to read! |
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Seth's Blog : "Buyer beware"
"Buyer beware"
Really? Is that really the attitude you want your audience to take? That they should be wary of what you say and what you offer and what you promise?
How about "buyer trust"?
How do you deal with customer disappointment or buyer remorse? It's the difference between "tough luck, you should have read the fine print" and "oh no! How can we help?" If people know you will always make it right, they will beware less and trust more.
What do you have to do to create trust? How much would it cost and how often can you produce it?
Whatever it costs, it's a bargain.
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marți, 28 august 2012
Mish's Global Economic Trend Analysis
Mish's Global Economic Trend Analysis |
- Capital Flight in Spain Hits 15-Year High
- Anti-EU, Anti-Brussels Sentiment Rises in Netherlands; Don't Expect Much From a "Merkollande" Summit
- Fed a Profit Center for Taxpayers?
- Government Spending as Percentage of GDP
| Capital Flight in Spain Hits 15-Year High Posted: 28 Aug 2012 09:15 PM PDT If Spain is going to be saved, someone better convince Spanish citizens because Deposit flight from Spanish banks hits 15-year high as bailout rumours grow Spanish banks lost €1 out of every €20 deposited with them in July, making it the worst month for deposit flight in 15 years as rumours grew that the country is edging closer to a full bailout.The amount of money Germany is going to lose when Spain and Italy decide to exit the euro grows leaps and bounds every month. 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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| Anti-EU, Anti-Brussels Sentiment Rises in Netherlands; Don't Expect Much From a "Merkollande" Summit Posted: 28 Aug 2012 11:17 AM PDT Emile Roeme, a socialist running on an anti-Brussels, anti-austerity plan is likely to become the next prime minister of the Netherlands. On the extreme right, populist Geert Wilders wants the Netherlands to withdraw from the eurozone completely. The centrists who support the nannyzone feel squeezed in the middle, and their days appear numbered. In a case of Dutch Discontent, Socialists Ride Wave of Anti-EU Sentiment The economy is in trouble and unemployment is rising -- in the Netherlands as in much of the rest of Europe. Ahead of upcoming elections, the Socialists are riding a wave of euro-skepticism and may emerge as the strongest political force in the country.First Sarkozy, Now Merkollande Former French president Nicolas Sarkozy and German chancellor Angela Merkel were uneasy allies in an effort to unite Europe. Sarkozy wanted eurobonds, an idea Merkel emphatically rejected at least 20 times. Hollande has now replaced Sarkozy, and the alliance would appear to be even more tenuous. Not only does Hollande want eurobonds, he also wants to rework some of the austerity measures insisted upon by Merkel. Thus it is amusing to see politicians who cannot see eye-to-eye on much of anything agree to work together on solution to eurozone crisis. Germany and France have moved on Monday to bury months of squabbling over how to resolve the euro crisis by agreeing to form a joint policymaking body to create a more integrated economic and fiscal policy in the eurozone and structure a new banking supervision regime.Full-Scale Political Union? Really? OK, Hollande wants to save the euro too. Lovely. However, he does not want to cede power to Brussels. Consider this snip from the Wall Street Journal article France Shows Caution on EU Integration on July 8. As they debate over the pace of future political integration, Mr.Hollande and Ms. Merkel are expected to spar over whether time has come to appoint a euro-zone budget czar. German officials have called for giving the European Commission more powers to police national budget, and make sure profligate nations don't put the currency union at risk any more.How Long Can the Merkolande Alliance Last? My guess is not long given radically different viewpoints on how to get there from here. United States of Merkel Let's recap what I said yesterday, in Merkel Pushes Convention to Draft New EU Treaty; United States of Merkel? Do the German people want a centralized authority over budgets led by bureaucrats in Brussels or is is it primarily Merkel?Don't Expect Much (Except Bickering) From a "Merkollande"Summit While Hollande is skeptical at best, the Netherlands is downright anti-Brussels belligerent. So please tell me again how the Merkolande summit is supposed to work given the Netherlands, Germany, and France still not have ratified the last one, and numerous countries do not want to create a United States of Merkel led by nannycrats with budgetary veto powers. 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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| Fed a Profit Center for Taxpayers? Posted: 28 Aug 2012 08:52 AM PDT Congratulations to CNBC for one of the silliest economic assertions in history. Please consider this sentence from Fed steps up release of results, says first-half income up. Its release of first and second quarter results detailed a sharp rise to $46.447 billion in its payments to the Treasury, from $40.456 billion in the first six months of 2011, reminding U.S. taxpayers the Fed has been a significant source of income.Fed a Significant Source of Income? Say what? From Federal Reserve FAQs The Federal Reserve does not receive funding through the congressional budgetary process. The Fed's income comes primarily from the interest on government securities that it has acquired through open market operations. Other sources of income are the interest on foreign currency investments held by the Federal Reserve System; fees received for services provided to depository institutions, such as check clearing, funds transfers, and automated clearinghouse operations; and interest on loans to depository institutions. After paying its expenses, the Federal Reserve turns the rest of its earnings over to the U.S. Treasury.Got that? The Fed receives interest on government debt. The more it bloats its balance sheet, the more interest it receives (from the government, courtesy of US taxpayers of course). Whatever the Fed does not waste on salaries and other expenses, it returns to the US treasury. Somehow the authors of that article managed to turn the Fed into a significant, $46 billion, profit center for the US taxpayers. Wow. Furthermore, by suppressing interest rates, the Fed has crucified those on fixed income. Also recall that Fed fueled the housing bubble in the first place by holding interest rates too low, too long, in its open market operations. 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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| Government Spending as Percentage of GDP Posted: 27 Aug 2012 11:08 PM PDT Here are a couple of charts from Doug Short at Advisor Perspectives regarding government spending. Federal Government Spending as Percent of GDP  Total Government Spending as Percent of GDP  I asked Doug for those charts because Paul Krugman said he would be concerned if government spending hit 50% of GDP. The trend does not look good, but by Krugman's measure there is a ways to go. Nonetheless, I think we should be concerned now. The numbers ignore exploding national debt and interest on national debt. Interest on national debt will skyrocket if rates go up or growth estimates penciled in do not occur. Both of those are likely, although Japan proves that amazingly low interest rates can last longer than anyone thinks. For a discussion of interest, please see Trends in Interest Rates on National Debt Suggest Currency Crisis is Coming The figures also ignore ever-escalating costs of Medicare, Social Security, and pension promises, all of which are guaranteed to soar in the not so distant future. Romney says Unfunded liabilities amount to $520,000 per household. I will point out that those liabilities are not debt yet. So might Krugman. However, I am comfortable in reducing benefits and slashing spending while Krugman is not. Clearly there are many ways to spin this data but please note that government spending in France exceeds 50% of GDP. Also note that French unemployment is 10.2% and Hollande is poised to hike the top marginal tax rate to 75%. Do we really want to imitate France? 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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