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We hesitate.
We stall or try for perfect or have meetings or polish or avoid the final 'go' because we're afraid that it might not work, that the art won't be well received, that people will hate it.
Here's the thing: there's a box on the table. And you need to decide whether or not you're going to open it. All the wishing and planning and imagining isn't going to change what's already in the box. The act of opening it doesn't deserve anxiety because the contents of the box were determined a long time ago. What's in the box is in the box, regardless of how much anxiety goes into opening it.
Sure, do a great job, the best job you can do with the resources you've got. But then quit imagining and go ahead and open the box.
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Mish's Global Economic Trend Analysis |
Posted: 20 Jul 2012 01:25 PM PDT Anti-euro sentiment in Italy is already very strong and about to get stronger. Eurointellihence has some interesting comments today regarding Italy. The demonstrations and protests [in Spain] are very likely now to spread to Italy. The country's largest union, CGIL, said there would be a public-sector strike in September to oppose the Italian government latest austerity plan, Il Fatto Quotidiano reports.Eurozone Exit Sentiment in Italy In regards to factors that might lead to a eurozone exit, there are two major differences between Italy and Spain. The first difference is anti-euro sentiment in Italy is already at a convincing threshold. Please see Six Reasons Why Italy May Exit the Euro Before Spain Here is a pertinent chart. ![]() The net difference between those who think the euro is a good thing minus those who think it is a bad things is -4 percentage points in Spain, but -14 points in Italy. That is the biggest negative spread in the eurozone. Elections - Mario Monti Gone in 2013 The second difference between Italy and Spain is in regards to elections. Italian prime minister Mario Monti will be gone no later than general elections in 2013. In contrast, Spanish prime minister Mariano Rajoy is not scheduled to face general elections until 2015. Whether Rajoy's government can hang on that long is another question. Rise of the Five Star Movement In Italy, it is highly likely anti-euro candidates take over at least some of Italian parliament. A Time-Lapse Interactive Graph of the Popularity of an Anti-Euro Party shows just that. Please click on the link to learn about the rise of the "Five Star Movement". Former Italian Prime Minister Seeks to Dump Euro Recall that former Italian Prime Minister Silvio Berlusconi said "Italy should dump the euro unless the European Central Bank agreed to inject more cash into the economy". See Italy "Gasping Like Beached Whale"; Berlusconi Reiterates Euro Exit "Not Blasphemy"; Beppe Grillo Discusses "Taboo of the Euro" The collapse of the Spanish bond market and the rise of protests in Spain are both very serious matters. There is every reason to believe those reactions will spread to Italy. And with elections pending, the rise of anti-euro sentiment in Italy is extremely important. Monti may even be ousted before 2013 via failed vote-of-confidence. Every day that passes, the more strength the Five-Star Movement will gain. The irony is that it would be in the best interest of the eurocrats to hold elections now rather than later, before the anti-euro movement becomes politically unstoppable. 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: 20 Jul 2012 10:50 AM PDT On yet another Friday, Europe is overlooking a gigantic bond-market precipice. Yield on the Spanish two-year government bond is up a whopping 60 basis points to 5.76% Yield on the Spanish 10-year bond is up 26 basis points to 7.27%. Italy is participating in the bond debacle as well. Yield on the Italian 10-year bond is up 17 basis points to 6.17%. Yield on the Italian 2-year bond is up 39 basis points to 3.95% This action in the face of another "we are saved" moment less than two weeks ago tells a dramatic story elsewise. Massive Protests in Spain Over Austerity Measures The Guardian reports Spanish take to streets in protest as MPs pass €65bn austerity package Protesters took to the streets of 80 Spanish cities on Thursday night after prime minister Mariano Rajoy's People's party (PP) pushed a €65bn (£51bn) austerity package through parliament and the country paid record prices to borrow money from sceptical markets."No Money Left to Pay Services" If you are looking statements to incite violent protests, then look no further than comments of treasury minister Cristobal Montoro, who called for years of hard sacrifice, while making a claim "There is no money left to pay for services." Ambrose Evans-Pritchard has the details in his Telegraph piece, Spanish debt crisis returns as Germany nears bailout fatigue Beyond Ideologies Please read that last paragraph carefully. I disagree strongly with the finance minister. This is not "beyond ideologies". Instead it is precisely about the foolish ideology of staying in the eurozone at all costs, including 25% unemployment and tax hikes upon tax hikes. Also note the misstatement (or misquote), the VAT need to be hiked to "stay in Europe". I assure you Spain will stay in Europe regardless of what happens, and it can stay in the European Union as well. The correct alternative, is for Spain to leave the European Monetary Union. Stubborn ideology, unfortunately, is still in the way. At some point, however (and this could be it), Spain is going to hike the VAT one time too many. At that juncture, the willingness of Spanish voters to stay on the euro will fly right out the window. 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: 20 Jul 2012 12:28 AM PDT As part of a growing trend, Compton California is on the verge of bankruptcy. When it files (and it will eventually), it will become California's 4th city to do so. The Huffington Post reports Compton Will Run Out Of Funds By September 1 Compton, Calif. could be the fourth city in the Golden State to seek bankruptcy protection.What's to Consider? Compton is clearly broke so there is noting to consider. The LA Times has more grim details in Compton on brink of bankruptcy. City officials announced that Compton could run out of money by summer's end, with $3 million in the bank and more than $5 million in bills due.Victorville, Montebello, Los Angeles, Oakland It's a safe bet to add Montebello and Victorville to the list. Moreover, some of the big guns will eventually go under as well. Unsound pension problems will be the death of many cities. I consider Oakland and LA to be sure things. It's just a matter of time. Delays in filing will only waste more taxpayer money. Eventually cities will catch on and there will be a flood of bankruptcies. S&P Revises Pennsylvania's Outlook to Negative Citing pension problems and a slowing economy, S&P Revises Pennsylvania's Outlook to Negative Standard & Poor's Ratings Services changed its outlook to 'negative' from 'stable' for Pennsylvania's general obligation debt because of growing spending pressures, particularly for public pensions, and a slow-growing state economy, the agency said on Thursday.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 |
Russian Hitman Prank Gone Wrong Posted: 19 Jul 2012 10:48 PM PDT ![]() Youtube prankster Vitaly Zdorovetskiy, of Miami zombie attack prank fame, tries to pull the hitman-with-a-bomb stunt on the wrong kind of a guy. The man they tried to punk got very angry, and one of the filmmakers, Jonathan Vanegas, 20, of Delray Beach, spent Friday night in the Palm Beach County Jail on a felony bomb hoax charge, the newspaper reported. |
Yahoo's New CEO: Marissa Mayer Posted: 19 Jul 2012 09:35 PM PDT |
Posted: 19 Jul 2012 08:40 PM PDT These photos capture a side of Russia few outside the country ever get to see, and each image has an interesting story to tell. Russia is a very strange place. Previous Part: Only in Russia - Part 1 Only in Russia - Part 2 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
Sarah Backman – Beautiful Swedish Armwrestling Champion Posted: 19 Jul 2012 08:30 PM PDT |
Who’s Getting Paid the Most Based on Degree? [Infographic] Posted: 19 Jul 2012 07:01 PM PDT Take a look at what your college degree might earn you after graduation. The lowest and highest paid incomes based on degree and industry. Click on Image to Enlarge. ![]() Infographic by Franklin University |
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