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marți, 10 iunie 2014
This is the first time the President has done this:
Seth's Blog : It's not about you
It's not about you
Right in the front row, not four feet from Christian McBride, was every performer's bête noire. I don't know why she came to the Blue Note, maybe it was to make her date happy. But she was yawning, checking her watch, looking around the room, fiddling with this and that, doing everything except being engaged in the music.
McBride seemed to be too professional and too experienced to get brought down by her disrespect and disengagement. Here's what he knew: It wasn't about him, it wasn't about the music, it wasn't a response to what he was creating.
Haters gonna hate.
Shun the non-believers.
Do your work, your best work, the work that matters to you. For some people, you can say, "hey, it's not for you." That's okay. If you try to delight the undelightable, you've made yourself miserable for no reason.
It's sort of silly to make yourself miserable, but at least you ought to reserve it for times when you have a good reason.
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luni, 9 iunie 2014
Mish's Global Economic Trend Analysis
Mish's Global Economic Trend Analysis |
Spanish 10-Year Bond Yield Lowest Since at Least 1789; Reflections on Absurd Risk Assumptions Posted: 09 Jun 2014 08:47 PM PDT Those searching for absurdity in government bonds can find it in a multitude of places. For example, and via translation from Libre Mercado (courtesy of my friend Bran who lives in Spain) please note Spanish 10-Year Bond Yield is Lowest Since at Least 1789. The interest rate offered on the secondary market for Spanish bonds maturing in ten years is at historic lows, below equivalent yield in U.S. treasuries, which has not happened since April 2010.Great Bond Insanity ZeroHedge picked up on this as well, in his post: The Great Insanity In Context (200 Years Of European Bonds), citing France and Italy as well as Spain. As Deutsche's Jim Reid notes,Reflections on Insane Risk Assumptions Never has risk been so high and risk assumptions so low. Spanish bonds are prices as if there is zero percent chance Spain leaves the Euurozone. Even if you believe the risk is low, I assure you it is non-zero. And what about separatist movements in Spain. I guess that is a zero percent chance as well. It's the same for Italy. Apparently Beppe Grillo has a zero percent chance of getting his way in Italy. Let's assume for a moment there is no chance of any of the above happening. What about further bailouts or more importantly bail-ins in Spain and Italy? Are those zero percent risk as well? Apparently so. Indeed, there is no risk anywhere in anything except gold, so go on margin and buy calls like the rest of the herd. You cannot lose (and that is exactly the same kind of central bank sponsored insanity that led to the housing crash and the global financial crisis). I never thought it would come to this so soon again. How quick we all forget. 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. |
Steve Keen and Others Chime In On the Alleged Shortage of Skilled Workers; Musical Tribute Posted: 09 Jun 2014 09:31 AM PDT Here are a couple more interesting emails from readers in response to Is There a Shortage of Skilled Workers? My Own Personal Experiences. Steve Keen Responds Thanks mate--and you're spot-on.Congratulations and best wishes to Professor Steve Keen Useless Degree Holder Chimes In UDH writes ... Hello Mish,Difficult Choice In subsequent correspondence UDH stated he would only have to sign up for four years but "they really push people toward 6 year contracts". I would not relish the choice of becoming a debt slave or joining the navy. I certainly would not fit in. And I wonder how many do not really fit in, but select that option anyway. The pressure to join the service must be intense on some folks who see no other realistic option of getting a college education. Not to make light of this difficult choice, I do have a musical tribute. In The Navy - The Village People 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
Damn Cool Pics |
- The Town with the Most Polar Bears
- A Harsh Penalty for People Disobeying the No Parking Signs
- Can You Name This Actor?
The Town with the Most Polar Bears Posted: 09 Jun 2014 11:54 AM PDT Do you want to see a polar bear up close? Just make your way to Churchhill, Manitoba. They've got more than a few polar bears living in town. Source |
A Harsh Penalty for People Disobeying the No Parking Signs Posted: 09 Jun 2014 09:48 AM PDT |
Posted: 09 Jun 2014 09:08 AM PDT |
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