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sâmbătă, 19 ianuarie 2013
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Seth's Blog : Possession aggression
Possession aggression
It's actually not that easy to give something substantial away. That's because accepting it means a change (in lifestyle, responsibility or worldview) of the person receiving it. It's stressful.
Far more stressful, though, is taking something away. Once a person or an organization comes to believe that, "this is mine," they erect a worldview around their possession of it. Taking it away instantly becomes personal, an act far greater than living without a privilege or object in the first place would be.
We care more about the change than the object or privilege itself.
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vineri, 18 ianuarie 2013
Mish's Global Economic Trend Analysis
Mish's Global Economic Trend Analysis |
- House Republicans Wave White Flag Without a Battle; Three Month Extension Approved, Threats Withdrawn; Ryan's Cop-Out
- Job Gaining and Job Losing Industries 2007-2012
- Cameron's Cursed Speech Postponed Again; Why Bother? Passionate Plea to Exit; Nothing Better Than Something
- Annual Gasoline Usage in Millions of Barrels
Posted: 18 Jan 2013 03:33 PM PST A friend of mine just emailed a story regarding a Republican budget cave-in with a message "you nailed it". To be honest, I didn't. Let's review my precise call. Politics of the Debate
House Republicans Wave White Flag Without a Battle Like clockwork, steps 1-3 fell in order. However, Republicans bypassed steps 4-6 and skipped straight to step 7 without a fight. Bloomberg reports House Republicans Plan Three-Month Debt-Limit Increase. House Republicans plan to vote Jan. 23 on a three-month extension of U.S. borrowing authority in an effort to force the Democratic-led Senate to adopt a budget plan.Ryan's Cop-Out Look at that pathetic statement by Paul Ryan "Political divisions in Congress pose limits to the ability of Republicans to achieve their long-term goals of deep cuts in spending". Excuse me Paul, can I ask a simple question? I hope so because it is really simple: Who is the majority party in the House? Time's up. I think you know the answer. House Republicans should be able to pass anything they want and block anything they don't. And it gets worse. "No one is talking about default, no one wants to default," said South Carolina Republican Mick Mulvaney. Lovely. That goes against the message we heard last week. What changed? Check out this complete nonsense from House Speaker John Boehner: "We are going to pursue strategies that will obligate the Senate to finally join the House in confronting the government's spending problem." Really? How? More importantly, when did the House EVER "confront government spending problems". What a bunch of horse-hockey. Why stop there? Take a look a statement by Senate Republican leader Mitch McConnell of Kentucky: Lack of a Senate-passed budget in the last several years was a "shameful record that needs to end this year." Yes indeed. Shameful Flag Waving So, no I didn't "nail it". Republicans did indeed wimp out as I predicted. However, I fully expected a pretend-battle first. This was nothing but a pathetic, premature, shameful waving of the white flag by Republicans up and down the line. What's next? Foot massages for Obama by Boehner, Ryan, and McConnell? 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. |
Job Gaining and Job Losing Industries 2007-2012 Posted: 18 Jan 2013 12:11 PM PST In response to Interactive Map: Job Gains and Losses in the Recovery by Job Type (Healthcare, Education, Mining, Construction, Finance, Real Estate, etc), I exchanged Emails with Salil Mehta who has a blog on Statistical Ideas. Salil asked for a better representation of some of the data in my post, specifically, a pair of tables I posted on jobs gains and losses since 2007. I put together a line chart of what Salil asked, but I like the pie charts he sent much better. Click on either chart to see a sharper image. Job Gaining Industries 2007-2012 Job Losing Industries 2007-2012 Credit for the data itself goes to Economic Modeling Specialists. 2007 is December of 2007 (just as the recession started) 1012 is December of 2012 (the latest job data) Job Winners
Job Losers
Lost and Gone Forever The three largest net losers (construction, manufacturing, retail trade) have a net combined total of -5,189,872 since 2007. Most of those jobs are lost and gone forever. Another 300,807 real estate jobs are lost and gone forever, as are 381,122 Finance and Insurance jobs, and 379,502 Information jobs. See link at top for an interactive look and details that make up the above charts from Salil. Once again, thanks to Economic Modeling Specialists and Mike Klaczynski at Tableau Software for the original post. 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: 18 Jan 2013 10:32 AM PST All ears in the UK were tuned into an event that did not happen. Cameron prepared another wishy-washy speech, postponed yet again today, this time because of a hostage crisis in Algeria. Please consider the sad saga of Cameron's cursed speech on Europe. The great Europe speech was initially meant to be given before Xmas. It was put off, amidst reports that there were still deep arguments about its contents.Specter of EU Exit Bloomberg reports Cameron Speech Excerpts Raise Specter of EU Exit While Cameron postponed the speech in Amsterdam due to the hostage crisis in Algeria, his office earlier released excerpts for publication before the scheduled address today.Biggest Political Wimp of Major Political Leasers Supposedly Cameron wants a vote on the EU, but not for five years. Supporting a referendum that far into the future is not supporting a referendum all. It's nothing but pretense. His own party does not support staying in, UK citizens do not want to stay in, but the opposition does. By failing to back a vote, and failing to take a strong position on much of anything besides the financial transaction tax, Cameron has proven once again that he is biggest political wimp of all the major world leaders. Looking for more evidence? If so, please consider We Want to Have Our Cake And Eat It Too; Another Hotel California Setup; One Million Tiny Miseries. The inherent risk of Cameron's strategy is he is ousted, there never is a vote, and the opposition signs on the dotted line to some absurd agreement. Instead of making an impassioned plea one way or another, Cameron bowed down to the opposition, in the wimpiest fashion possible, by throwing his own party as well as UK citizens a dried bone five years into the future. Why bother? Passionate Plea to Exit Looking for a speech Cameron could have and should have delivered? Then please consider a Passionate European's case for leaving by Simon May. For a passionate European there is now a strong case for Britain to leave the EU. By passionate European, I mean someone who sees the EU, for all its absurdities, as the noblest of postwar political projects – one that must and will lead to a federation, probably of a loose, Swiss kind, with a directly or indirectly elected president and a European Parliament with teeth. Someone who would love Britain to support this, but who realises it never will.Commonsense Plea Now that was a passionate, well-written, commonsense plea. The most amazing thing about the plea is it comes from an ardent nannyzone advocate. Cameron could have delivered a similar passionate message, for or against an exit, and let the chips fall where they may. Nothing Better Than Something Not only did Cameron fail to deliver a passionate speech, he didn't deliver a speech at all. Judging from leaked excerpts, nothing was just as good, if not better than something. 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. |
Annual Gasoline Usage in Millions of Barrels Posted: 17 Jan 2013 11:40 PM PST Inquiring minds are once again taking a look at annual gasoline sales in the United States. Reader Tim Wallace provides the following chart for discussion. click on chart for sharper image Data is from the US Energy Information Administration (EIA) Weekly Petroleum Report. Tim writes ... Hello MishHi Tim. Thanks for reminding those of us in the great state of Illinois that we should be paying even more for our services! I am sure governor Pat Quinn would be more than happy to oblige overpaid unions by hiking our taxes more. Kidding aside, Tim was referring to my post ObamaMiles Tax Coming Soon; Transportation "Trust Fund" Broke; Scheme to Boost Taxes 250%; Mindless Possibilities Readers may also wish to consider European Car Demand Near 20-Year Low; Peugeot Workers Shut Down French Plant; GM Loses Global Car Sales Lead to Toyota Once Again Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com "Wine Country" Economic Conference Hosted By Mish Click on Image to Learn More 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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