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sâmbătă, 13 septembrie 2014
Weekly Address: We Will Degrade and Destroy ISIL
Seth's Blog : Law and order
Law and order
At some point, the world (the project, the moment) becomes so chaotic or dangerous that we sacrifice law in exchange for order.
The question is: when.
When is it time to declare martial law? (or your version of it)
When do you abandon your project plan because the boss is hysterical? When do you go off the long-term, drip-by-drip approach to growth because cash flow is tight? When do you suspend one set of valued principles in order to preserve the thing you set out to build in the first place?
When Richard Nixon was at his most megalomaniacal, he was willing to suspend any law in his way to preserve what he saw as order. Failed entrepreneurs and project leaders fall into the same trap: it feels as though this time, it truly is the end of the road, and throwing away principles is tempting indeed.
You've probably met people who declare this sort of emergency ten times a year.
History is filled with examples of people who pushed the order button too soon... but few instances where people stuck with their principles for too long.
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vineri, 12 septembrie 2014
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Mish's Global Economic Trend Analysis
Mish's Global Economic Trend Analysis |
Posted: 12 Sep 2014 11:51 AM PDT Sanctions or War? It's long overdue we label sanctions for what they really are: war. If you prefer, call them "economic war". Today, president Obama took the undeclared war another step forward by targeting Lukoil, a private Russian company. Please consider Gazprom, Lukoil Hit in New Round of Sanctions. The US dramatically expanded its sanctions against Russia on Friday by adding Gazprom, Europe's leading energy provider, to the list of targeted companies, as it sought to ratchet up pressure on Moscow to step back from the war in Ukraine.Ceasefire Nonsense Notice how the US is only interested that the rebels not violate the ceasefire. Moreover, the fact is the ceasefire has largely held, and it has been broken by both sides. It's not even clear who broke the ceasefire first. But if it was the rebels who broke the ceasefire in every instance, one would have expected the US state department to be all over the story with bullhorns. Solidarity by Force President Obama says We will join EU in intensifying sanctions on Russia. Yeah right. We twist the EU's arm till they "cry uncle" then we claim we join them. Unless the intent is to provoke a military war with Russia, this new round of sanctions is stupider than any of its predecessors. If Exxon cannot partner with Rosneft in the Russian arctic, guess who will? Try China. Ruble Falls to Record Low vs. Dollar Sanctions may be hurting the Ruble, but so are falling energy prices. Reflections on the Global Economy The price of oil has been falling in spite of this mess. That's a big hint that the global economy is in a huge slowdown. And that drop in oil price likely hurts Russia more than any of these sanctions. Like oil, copper says the same thing: World Growth vs. Copper with 3-Month Lag; Iron Sinks to 5-Year Low; US Will Not Decouple. For a wrapup on sanction madness, please consider Fishing for Trout With Rope and Mashed Potatoes; Mentality of Jackasses; Gas Pains. Expect a big "surprise" to the downside for global GDP as sanctions can only compound the already evident weakness. 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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