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That simple question is the litmus test for a productive relationship.
If one professional says it to another, the answer is an emotion-free, "sure." There's no baggage. Talking is the point. Talking is what we do. We communicate to solve problems.
On the other hand, if the question brings with it fear and agitation and, "uh oh, what's wrong," you can bet that important stuff goes undiscussed all the time.
[PS altMBA2 applications are due by tomorrow.]
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Mish's Global Economic Trend Analysis |
Posted: 25 Jul 2015 02:27 PM PDT The Fed created quite a stir by inadvertently posting documents on its website. The documents revealed some expected things, as well as a few startling (but not to Mish readers) projections. Please consider Fed Inadvertently Publishes Staff Forecast for 2015 Rate Hike. Staff economists at the Federal Reserve expect a quarter-point U.S. interest rate increase this year, according to forecasts the Fed mistakenly published on its website in a gaffe that drew criticism about its ability to keep secrets.Unintentional Projections
Upset Over Leaks - Why? Congress is upset over leaks. Is that what people should really be upset over? Why? We should be happy to have a glimpse of what this secret sect thinks, discusses, and wants to hide vs. the spoon-fed crap they want us to hear. What To Be Upset Over
History Lesson History proves that the Fed produces bubbles and busts of increasing amplitude over time, to the detriment of the middle class. Indeed, the Fed, along with public unions and corrupt politicians are the very sponsors of the income inequality that Janet Yellen, the unions, and politicians rail against. It's amusing what the Fed staffers came up with. Fed officials say it's not what they believe. Does the denial ring true? Not to me. But it doesn't really matter. The fact of the matter is the Fed and central banks in general have no idea where interest rates should be, what the money supply should be, what unemployment should be, how many cars should be produced, how many houses should be built, or what the price of assets should be. A group of clowns sitting in a room cannot possibly decide these things. And in attempting to do so, they send out all sorts of false economic signals about demand, creating bubbles in the wake. The housing boom-bust is a perfect example. Right up until the housing bust, it actually appeared as if there was a housing shortage. The same thing happened outside the US. Increasing Interference Central banks worldwide have long distorted markets with government bond price manipulation. Now, central banks in Asia and Europe stretched the bounds by investing in corporate bonds and equities. We can say for certain these preposterous manipulative efforts will blow sky high. What we cannot state is when. Nor can we say how much additional damage these central bank manipulators cause in the meantime. 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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