|
|
Make big promises.
Burn your boats.
Set yourself up in a place where you have few options and the stakes are high.
Focused energy and serious intent will push you to do your best work. You have nowhere to run, nowhere to hide. (Better than the alternative).
[You're getting this note because you subscribed to Seth Godin's blog.]
Don't want to get this email anymore? Click the link below to unsubscribe.
Your requested content delivery powered by FeedBlitz, LLC, 9 Thoreau Way, Sudbury, MA 01776, USA. +1.978.776.9498 |
Mish's Global Economic Trend Analysis |
"Made-in-China" Only 2.7% of U.S. Spending; Really? What Does It Mean? Inflationists Take Note Posted: 14 Aug 2011 10:44 PM PDT For all the political bickering and scapegoating of China, 'Made in China' ranks only 2.7% of U.S. spending Convinced that everything you buy these days has a Made-in-China label?It would have been nice to have a link to the Fed report. Missing links is one of my pet peeves. News organizations in general only link to themselves. So do many bloggers. I am tired of it. Let's do our own report instead. US GDP On July 29, 2011 the BEA gave the Gross Domestic Product: Second Quarter 2011 (Advance Estimate) as follows "Current-dollar GDP -- the market value of the nation's output of goods and services -- increased 3.7 percent, or $136.0 billion, in the second quarter to a level of $15,003.8 billion." China Trade On August 11, 2011 the US census bureau reported Goods and Services Deficit Increases in June 2011 The Nation's international trade deficit in goods and services increased to $53.1 billion in June from $50.8 billion (revised) in May, as exports decreased more than imports. Balance of Trade China's portion of the trade deficit was $26.7 billion. Goods by Geographic Area (Not Seasonally Adjusted)
To do calculate the percentage, we need total imports from China, not the trade deficit. That number is $34.4 billion. Let's Do The Math
I calculate 2.75%. The reported 2.7% is close enough. Revisions or rounding errors can easily account for the difference. Regardless, that is how the number was derived. San Francisco Fed Report Having done the math (still peeved at missing links), I just found the San Francisco Fed report The U.S. Content of "Made in China". Goods and services from China accounted for only 2.7% of U.S. personal consumption expenditures in 2010, of which less than half reflected the actual costs of Chinese imports. The rest went to U.S. businesses and workers transporting, selling, and marketing goods carrying the "Made in China" label. Although the fraction is higher when the imported content of goods made in the United States is considered, Chinese imports still make up only a small share of total U.S. consumer spending. This suggests that Chinese inflation will have little direct effect on U.S. consumer prices.No Excuse for Missing Link Given that the article is readily available, there is no excuse for the LA Times' failure to link to it. Generally, in cases like this, I ignore the superfluous article and instead go straight to the source. However, I have had enough of link suppression and am calling the LA Times on it. Bloomberg authors take note. I nearly wrote the same about you a few days ago but was too busy. Fellow bloggers, watch what you are doing. I despise snips like "Reuters Says" with no link. Worse yet are instances where I cannot even find the quote when I search for it. Inflationists Take Note Moreover, in this instance, the LA Times author missed the most important implication of the report, which is "Chinese inflation will have little direct effect on U.S. consumer prices." I concur with the San Francisco Fed conclusion. Interestingly, the San Francisco Fed report did not show the direct math either. Now you know how to do it. 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: 14 Aug 2011 07:12 PM PDT Not only was Italy pressured by ECB president Jean-Claude Trichet, so was Spain. Courtesy of Google Translate, El Pais reports Trichet Pressures Spain in Letter. The ECB makes recommendations to Spain in a less hard than Italy, in return for the purchase of debt.Does anyone think these were "recommendations" and not demands? For a discussion on the letter to Italy, please see my previous post Trichet's Secret "Dragon Transfer" Letter to Italy PM; Watch France CDS Rates as France is "New Italy"; Trichet Illegally Usurps Judge-and-Jury Power Agricultural Trade Wars Part Two As a followup to Border Attacks: Spanish Farmers Threaten to Block Border with France; Global Trade Wars Yet Another Sign of Deflation here are more articles and images of the escalating agricultural trade wars between France and Spain. Angry French Farmers Dump Spanish Peaches, Burn Tires Via French to English translation, please consider The anger of farmers Big day mobilization fruit and vegetable department. Objective of the mobilization: to maintain pressure on the government Tuesday after an action in the Gard region, where several trucks carrying merchandise Spanish saw their cargo spilled on the road.Should we nationalize supermarkets? You know trade wars are intense when you see questions like this in French headline news: Should we nationalize supermarkets? Yesterday, at the toll Lancon, motorists could not believe their eyes. Fifty people brutally emptied the cargo trucks to foreign registrations. These people, it is the farmers of Vaucluse, Bouches-du-Rhône and Gard that have exploded in anger.Which Comes First, Harmony or Workable Currency Unions? While pondering the meaning of escalating trade wars between France and Spain, please consider this excerpt from When money brought us together The dream that a common currency can foster harmony has a long history. But if the past is any guide, proponents of the euro may have it backward: Where money is concerned, harmony has to come first. You can't create a currency to unite people; you must unite people in order to have a currency. Given the growing tensions between the members of the eurozone, that unity, like de Parieu's dream of "pacific federations of the future," seems more distant by the day.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: 14 Aug 2011 03:46 PM PDT Bloomberg reports Franc Weakens Against Dollar, Euro After Report Currency Target Discussed The franc weakened after SonntagsZeitung reported over the weekend that the Swiss government and the central bank are in "intense" talks over setting a possible target for the currency, citing unidentified people close to the situation.Talk is Cheap OK, once you decide a target, how do you get it there? I addressed that question previously in Swiss Central Bank Ponders "Temporary" Peg to Euro; Franc Trades Sharply Lower; This a Bluff? What Does it Take to Maintain a Peg? Is the Threat a Bluff?Let's return to the question: Is it a Bluff? I still don't know but now I think it's more likely than I previously thought. Bear in mind, setting a target and hoping the market reacts to it, and officially setting a peg are different things. However, once bureaucrats start marching down a certain path it is hard to get them to stop, no matter how futile the march. I have never seen currency intervention work. It's hard enough if you are a large country, but the size difference in economies and forex trading says the idea cannot work unless the target just happens to be at or near where the market thinks it should be. 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. |
Growing Gloom for States and Cities; Who is to Blame? What About Solutions? Posted: 14 Aug 2011 11:29 AM PDT A New York Times article accurately describes a set of fiscal realities in Sunday's editorial A Growing Gloom for States and Cities. The New York Times wildly misses the mark as to who is to blame for this crisis. NYT: Washington should have been trying to find a way to help states avoid the layoffs and cutbacks that have contributed heavily to the high unemployment rate. Instead, it seems to be doing everything possible to make the situation worse in state capitals around the country. Mish: That is essentially correct (except the implied tone). I proposed three items that would most assuredly help cities and states. Once again, here they are.
Point blank, the public is fed up with higher taxes to support public unions who get vastly superior wages, benefits, and guarantees than they do. NYT: A recent report from the Center on Budget and Policy Priorities showed that nearly all states will spend less on vital services in 2012 than they did in 2008, after inflation, even though there are more children in public schools and more poor people on the Medicaid rolls. Mish: Sounds like a good idea to me. We have overpaid for services delivered. My proposals above will help address that issue. NYT: And now comes the Budget Control Act of 2011, the deal reached in Congress to cut $2.4 trillion over the next decade in exchange for raising the debt ceiling. Although the deal could have been worse and was structured by White House negotiators to reduce the impact on safety-net programs like Medicare and Medicaid, it will do real damage at the state and local level. Mish: The budget deal could hardly have been worse. There were no spending cuts, tax hikes, or reforms in the measure. The only agreement was to cut a lousy $2.4 trillion ($240 billion a year), all back loaded, not Congressionally binding, when the budget deficit is $1.4 to $1.6 trillion a year. How could it possibly have been worse? NYT: The credit downgrade that resulted from the debt crisis has yet to directly affect state and city bonds, many of which are now absurdly rated higher than Treasury bonds, but credit scrutiny will only get stricter for already weakened states and cities. Mish: I certainly agree it is absurd for city and state bonds to be rated higher than US treasuries. However, the S&P downgrade of the US was fully warranted, even if the S&P went about it in a horrendously sloppy manner. Moreover, increased scrutiny of city and state bonds is a fabulous thing. They are living beyond their means and accurate bond ratings can only help. NYT: If investors start to get nervous about the public sector, borrowing costs could go up. Stock volatility is also taking a toll on state pension funds, which are often heavily invested in the market. Last Monday, when the Dow Jones fell by more than 600 points, the California retirement system lost $6 billion. Declines in the market also lower income tax revenues for state coffers. Mish: It is the height of absurdity to manage interest rates, bond ratings,etc. for the benefit of the stock market. The fact of the matter is stocks are priced for perfection and they should fall because perfection is not on the way. Thus, the NYT is openly encouraging bubbles to bail out pension plans. I have a better idea: Let's start tackling the idea that promises to public union workers and government workers are untenable and need to be reduced. Come to think of it I need to add point 4 to my list. Here it is. 4. Immediately kill defined benefit plans for government workers and accept the idea that promised benefits will be reduced voluntarily or via bankruptcy. NYT: The Republicans who produced this artificial crisis, and are responsible for its effects, say they would like nothing more than to see a reduction in state as well as federal spending. That is where government hits closest to home, affecting the size of classrooms, the bulbs in streetlights, the asphalt in potholes, and the lines in emergency rooms. They are well on their way to achieving their goal, making life more difficult in every city and town. Mish: That is one of the biggest pieces of nonsense in the entire article, chock full of complete nonsense. It certainly is not Republicans who support Davis-Bacon, Collective Bargaining for public unions, or forced union employment against the free-will of employees. Indeed forced union employment is tantamount to forced slavery. I discussed the slavery aspect of forced union membership many times. Here are a pair of articles to consider:
Thus, not only does ridding the US of collective bargaining for public unions and instituting national right-to-work laws make economic-sense, it also makes moral-sense. However, there is plenty of blame for Republicans too. They failed to put these issues on the table. Republicans and Democrats alike refuse to do anything about bloated defense budget that could easily be cut in half at no expense to the security of the US. Indeed, if the US stopped trying to be the world's policeman, our security concerns and enemy list would plunge. Cutting the defense budget by a mere 25% would save at least $2 trillion over 10 years. Sadly, both parties support unsustainable US war-mongering policies. So, yes, I blame Republicans too, but 180 degrees removed from what the Times suggests. Finally, it is primarily Democrat support for unions and untenable union pensions that is at the heart of the crisis in city, state, and municipal governments. There is plenty of blame to go around, let's recognize all of it, and for the right reasons. 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. |
Stanford Offers Free Robotics and Artificial Courses; 10,000 Already Sign Up Posted: 14 Aug 2011 09:47 AM PDT In the realm of good (as well as deflationary) news You (YOU!) Can Take Stanford's 'Intro to AI' Course Next Quarter, For Free Stanford has been offering portions of its robotics coursework online for a few years now, but professors Sebastian Thrun and Peter Norvig are kicking things up a notch (okay, lots of notches) with next semester's CS221: Introduction to Artificial Intelligence. For the first time, you can take this course, along with several hundred Stanford undergrads, without having to fill out an application, pay tuition, or live in a dorm.10,000 have already signed up, and there is no limit. Parents, if you have kids in high school, I encourage you to have them take this course. It may change their career plans for the better. For signup information and more details, please see the opening link. I applaud the professors for offering these courses for free. Since the materials will be graded, college credits should apply but they don't. It's a start. Addendum: 10,000 had signed up according to the article. The number is currently 56,000 and counting in various free courses. Here is a list of Free Stanford Courses Some objected to the $58 (discounted) cost of the required book. Here's the deal. Paying $58 for a book is peanuts compared to cost of 3 semester hours. Of course (and as I have pointed out) credits are not given for the free course. They will. Eventually, some college will get accredited and will accept these courses. It is inevitable. This is a far better development than the failed policy "no child left behind" or raising taxes to throw at teachers' unions. Indeed, this is the future of education and it is very deflationary. 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. |
You are subscribed to email updates from Mish's Global Economic Trend Analysis To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
Google Inc., 20 West Kinzie, Chicago IL USA 60610 |
Years ago, the authorities decided that a key weapon in the war on terror (sic) would be to make people more afraid.
Two reasons for this: if you make potential bad guys afraid, they might not move up and graduate to become actual bad guys, and second, if something does go wrong (and of course, things always go wrong), at least it looks like you were trying.
And so an infrastructure is built in which photographers are detained, in which expensive scanners that don't work are installed and in which people believe they are doing their job when they engage in the fear mongering part of the work without paying attention to the actual inspecting and crime fighting part.
At the airport on Thursday, a colleague of mine was detained by two armed police officers because he took a picture (out the observation window!) of a sunset. And when I politely declined to go through the magic scanner, I was put through the regular (inferior?) scanner, detained, carefully searched and basically encourged not to do it again.
Of course, the hard-working folks doing the detaining feel like they're doing their job. It's easy to measure. It's in the manual. It feels like progress. It's actually a cargo cult, though, the sort of thing an organization does to simulate progress when it's actually distracting itself from the mission at hand.
Fear can be used as a tactic, but it's almost never the end goal of marketing. The problem with using it as a tactic is that it's so easy to do, organizations almost always forget the real point of the exercise.
[You're getting this note because you subscribed to Seth Godin's blog.]
Don't want to get this email anymore? Click the link below to unsubscribe.
Your requested content delivery powered by FeedBlitz, LLC, 9 Thoreau Way, Sudbury, MA 01776, USA. +1.978.776.9498 |
There's more information, provocations, riffs, causes, meetings, opportunities, viral videos, technologies and policies coming at you than ever.
So, how do you rank the incoming? How do you decide what to expose yourself to next?
Which of these are required reading for a productive member of society or a good employee or an informed citizen? Which do you do out of habit? Are you assuming that your habits are the norm, and that others have an obligation to pay attention to what you pay attention to? Should there be symmetry--is it logical to only engage with people who prioritize their filters the same way you do?
[You're getting this note because you subscribed to Seth Godin's blog.]
Don't want to get this email anymore? Click the link below to unsubscribe.
Your requested content delivery powered by FeedBlitz, LLC, 9 Thoreau Way, Sudbury, MA 01776, USA. +1.978.776.9498 |
Mish's Global Economic Trend Analysis |
Posted: 13 Aug 2011 10:05 PM PDT If you need proof that Spain cannot possibly stay within austerity limits mandated by the ECB, please consider the following Google Translation (modified by me for readability) of an article on El Pais: Defense Department Renegotiating a 26 Billion Debt it Cannot Afford to Pay If the homeowner stops paying the mortgage, the bank will not hesitate in foreclosure. But if the Ministry of Defence does not pay the installments of a battleship, a tank or a fighter, who will dare to seize?Is US Really Any Different? Look at those Spanish tanks, ships, planes, and submarines. Is Spain preparing for an invasion from France? Portugal? Italy via the Mediterranean Sea? The US military budget situation is similar but the amounts are orders of magnitude greater. Is the US threatened by Canada or Mexico? Cuba via the Gulf of Mexico? If not, "We should not have purchased weapons we are not going to use for scenarios of confrontation that do not exist and, more seriously, with money that we did have then and do not have now." Stupid Wars and US Sponsored Torture In a stupid war that should never have been fought, US citizens were tortured in Iraq with tactics approved by Donald Rumsfeld. For an explanation as to how that happened please consider U.S. Circuit Judge Upholds Right of Two US Citizens, Tortured in Iraq, to Sue Former Defense Secretary Rumsfeld for Torture. Is WWII Coming Again? What pray tell are countries doing with all these needless weapons? Preparing for another WWII? 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: 13 Aug 2011 06:56 PM PDT In an "eye for eye, tooth for tooth" retaliation to French farmers throwing Spanish produce in the streets, Spanish farmers have threatened to "look for French interests and cause the most damage possible." Courtesy of Google Translate and my friend "Bran" who emails nearly every day from Spain, please consider Spanish farmers threaten to block border with France Hallmarks of Deflationary Times Trade wars are hallmarks of deflationary times. Disputes between farmers in Spain and farmers in France are a case in point. When there are ample jobs, everyone is happy. When not, people blame their neighbors. Bear in mind more austerity is coming to Spain, France, Italy, and Greece. A massive European recession is on the way, complete with rising unemployment and civil unrest, and ECB president Jean-Claude Trichet wants to hike rates. It is economic madness. To be fair, the market should set interest rates not Central Banks. Where would the market set rates for Europe? I do not know, nor does anyone else, especially central bankers. However, I do know "one size does not fit all" when it comes to interest rates when countries have widely varying fiscal conditions and problems. As one of the founding fathers of the Euro, Trichet is in a mess of his own making. For more on the mess in Spain, please see Numerous Spanish Towns Face Bankruptcy. 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. |
Numerous Spanish Towns Face Bankruptcy Posted: 13 Aug 2011 06:54 PM PDT I inadvertently deleted this post from earlier today. Here it is again. The Spanish economic implosion continues. Various austerity measure in Europe and rate hikes by ECB president Jean-Claude Trichet will make matters worse. Some town mayors readily admit bankruptcy. Others will follow. Please consider Spanish towns face funding crisis, rack up debts In this hillside town, topped by a medieval castle and surrounded by olive groves, the 120 municipal workers haven't been paid since May. Police have new orders not to use their patrol cars unless they get word of a traffic accident or a crime in progress.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: 13 Aug 2011 01:34 PM PDT Thankfully, a US circuit court has upheld the rights of Donald Vance (a US Navy veteran) and Nathan Ertel, both US citizens, to sue former Defense Secretary Donald Rumsfeld for torture. The "crime" for which they were tortured: The pair accused an Iraqi firm of bribery and corruption. The punishment: The whistle-blowers were arrested, detained, tortured for months, with no access to a judge or lawyers, then ultimately dumped at the Baghdad airport without charge. Please consider Two American men CAN sue Donald Rumsfeld after 'being tortured by U.S. army in Iraq when they worked for security firm' Two American men will be allowed to sue former Defence Secretary Donald Rumsfeld over claims that they were unfairly tortured by U.S. troops in Iraq.Countdown-The torture of Don Vance-08-05-2011 Link if the above video does not play: http://www.youtube.com/watch?feature=player_embedded&v=Gd40g1IGma4#at=120 I an sick of war, the US war machine, the trillions of dollars we have wasted on war because idiots like Rumsfeld thought "Iraq had rich targets". I sincerely hope Rumsfeld is tried, convicted, sentenced to prison for life, then buried with Saddam Hussein, someone of like mind. I commend Donald Vance for refusing to accept bribe money from the US government to not proceed with the lawsuit. It is high time the United States of America prosecutes people for war crimes and torture. Donald Rumsfeld is the perfect place to start. 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. |
Numerous Spanish Towns Face Bankruptcy Posted: 13 Aug 2011 11:20 AM PDT The Spanish economic implosion continues. Various austerity measure in Europe and rate hikes by ECB president Jean-Claude Trichet will make matters worse. Some town mayors readily admit bankruptcy. Others will follow. Please consider Spanish towns face funding crisis, rack up debts In this hillside town, topped by a medieval castle and surrounded by olive groves, the 120 municipal workers haven't been paid since May. Police have new orders not to use their patrol cars unless they get word of a traffic accident or a crime in progress.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. |
UK Chancellor, Italy Economy Minister Propose "Outright Fiscal Union" and Common Bonds Posted: 13 Aug 2011 09:57 AM PDT Clamoring for a complete Eurozone fiscal union reached a new high this week as UK Chancellor of the Exchequer George Osborne agrees with Italian Economy Minister Giulio Tremonti on the need for a fiscal union and common bonds to save the Euro. Please consider Italy calls for euro bonds as UK backs fiscal union Italian Economy Minister Giulio Tremonti stepped up calls for a more coordinated response to the euro zone debt crisis on Saturday ahead of a potentially vital summit between the leaders of France and Germany next week.Common Bond Madness The idea there would not be mess if "only we had common bonds" is madness. Had there been "common bonds" Germany and France would have undertaken all the fiscal problems of Greece, Portugal, Spain, Italy, and Ireland. Note that French banks are directly under attack. That would have happened sooner if France and Germany bankrolled the rest of Europe. Then France would have quickly fallen and the result would be where we are today, with Germany essentially bankrolling the problems of the rest of Europe. Nothing much would have changed except the progression and timing of various countries. Shock waves might have hit Italy and France first (or every European country at once instead of starting with Greece) as the pool of savings in Germany and France was wiped out over time to keep the other European economies afloat. 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. |
You are subscribed to email updates from Mish's Global Economic Trend Analysis To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
Google Inc., 20 West Kinzie, Chicago IL USA 60610 |