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vineri, 13 aprilie 2012

West Wing Week: "You're Proof of Change"

Your Daily Snapshot for
Friday, April 13, 2012

West Wing Week: "You're Proof of Change"

This week, the President hosted a forum on Women and the Economy, welcomed the President of Brazil, traveled to Florida to urge the Senate to pass the Buffett Rule, and took part in the great annual White House tradition -- the Easter Egg Roll.

Watch this edition of West Wing Week:

20 SEO Tools You Might Not Have Heard Of, But Should Be Using

Posted: 13 Apr 2012 12:26 AM PDT

I should be presenting at BrightonSEO today on a 20/20 slot (20 slides, 20 seconds each) talking about 20 SEO tools.

Unfortunately I can’t be there. Sadly my dad passed away on Wednesday morning having battled cancer so bravely for the last year, but unfortunately his health deteriorated very quickly earlier this week. Obviously it puts things in perspective, as these things always do, but I know my dad would have loved me to do this. He was so proud of my career and paid such a great interest in everything I do, especially speaking at events like this – mainly because this isn’t something I’m naturally comfortable at doing and I’d rather not be center of attention (I’m just like him in so many ways), but I am ambitious and want to push myself and company forward by forcing myself into creating and taking these opportunities.

So while I can’t be there today, I still wanted to share the slides with everyone who’s going along to the event.

I love you dad, this one’s for you!

Seth's Blog : Better than everyone

Better than everyone

Clay Shirky reminds us that the media business has changed. Forty years ago, your TV show only had to be better than two other shows--not every show, just the shows on the other channels. Today, of course, with a million choices, each show earns the attention it gets in every single moment.

As I wrote in the Dip a few years ago, the only way your business wins in Google world is to be the best available option, where "best" means best for the person searching for an answer, and "available option" means everything. (Best doesn't mean most expensive or exclusive, it merely means the best choice for me, right now. You don't have to be happy about how much competition you have, but it helps to admit it.)

• Email to a friend •

joi, 12 aprilie 2012

Mish's Global Economic Trend Analysis

Black Market in Spain: Cash Transactions Exceeding 2,500 Euros Now Banned
Buffett Tax Proposal: Hype or Reality? (Interactive Graph Lets You Set the Tax Rate and See the Results)
Fed-Fools, ECB-Fools, and the Illusion of Time; Spain Where Greece Was Two Years Ago

Black Market in Spain: Cash Transactions Exceeding 2,500 Euros Now Banned

Posted: 12 Apr 2012 05:37 PM PDT

Things are going so "well" in Spain that the Government banned cash payments in excess of 2,500 euros

Via Google Translate from Libre Mercado ...

The Prime Minister, Mariano Rajoy, has announced on Wednesday that the plan to combat tax evasion on Friday approved the Cabinet prohibit the payment in cash transactions of over € 2,500 and n which at least involved a businessman professional.

During the control session the Government in the House of the Congress of Deputies and in response to a question about the tax amnesty made by the general coordinator of IU, Cayo Lara, the Prime Minister has revealed that those who violate the ban will face fines of 25% of the payment made in cash.

Black Money

This measure aims to prevent the use of black money in commercial transactions and, in the case of companies, give them an obstacle to not resort to false invoices. The plan to combat fraud adopted on Friday, the Cabinet intends to raise up to 8.171 million euros in 2012.

I calmly predict that black market transactions in Spain will soar as soon as Spain is stupid enough to hike the VAT.

Sadly, such stupidity is just around the corner as noted in Slow Road to Hell: Spain Entertains VAT Hike

Real Anti-Fraud Plan

Once again I am stumbling for a precise translation but I happen to agree with this sentiment (emphasis mine) as translated by Google from the lead article.

The general coordinator of IU Rajoy called on a real anti-fraud plan, with more resources to the tax office, and has taken the opportunity to ask the president that when you announce cuts of 10,000 million euros "do it in Parliament.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List

Buffett Tax Proposal: Hype or Reality? (Interactive Graph Lets You Set the Tax Rate and See the Results)

Posted: 12 Apr 2012 08:50 AM PDT

Given all the hype from President Obama and Warren Buffet on "fair tax rates" (see Obama evokes Reagan in Touting Buffett Rule), inquiring minds are asking the critical question: Does the US have a spending problem or a tax problem?

Rather than offer my own opinion, I will let you make the call. You can set whatever tax rate you want for the "Buffett Rule" all the way up to a tax rate of 100% on the following interactive Tableau display.

Thanks to Ross Perez at Tableau Software for the above interactive map.

Data is from the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937.

At a 30% Tax Rate the Buffett Effect Looks Like This

At a 75% Tax Rate the Buffett Effect Looks Like This

Set the tax at 100% if you want. However, I must point out the above results are theoretical.

The graph does not take into consideration the massive exodus of high net worth individuals if such a tax was actually enacted.

Stick it to Obama

The president has stated on numerous occasions he is willing to make "hard choices".

I propose offering him one. Republicans should accept Buffett's proposal in return for scrapping Davis Bacon, passing national right-to-work legislation, and ending collective bargaining of public unions.

Those three things are badly needed and will help cities and states immensely if Democrats accepted the offer.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List

Fed-Fools, ECB-Fools, and the Illusion of Time; Spain Where Greece Was Two Years Ago

Posted: 12 Apr 2012 07:54 AM PDT

Central bankers respond to every debt crisis as if they were all created equal. As such, they are willing to pile debt and promises upon debt and promises.

In cyclical recessions the strategy eventually "works" using the term loosely.

In reality, such kick-the-can strategies will eventually blow sky high, which is precisely where we are today, with Bernanke is scratching his ass, wondering why his policies are not working.

Any thinking person will realize this is not the typical cyclical recession, but rather a once-in-a-multi-generation debt deflation structural problem. However, the Fed-fools led by Ben Bernanke are trapped in academic wonderland and simply cannot grasp the blatantly obvious.

Welcome back to the crisis!

Wolfgang Münchau on Der Spiegel says Welcome back to the crisis!

About one trillion euros, the ECB has pumped into banks to stabilize the situation. But the idea is to buy time so that proves to be illusory. In Spain the situation worse, there is nervousness in financial markets. We are now back to the point where we were before Christmas.

Welcome back to the crisis! It is not long ago, when Germany in Brussels refused to further increase the reserve fund on the grounds that the markets have finally calmed down. Surprisingly this is not. Two weeks ago, Europe was in the all-round optimism. In recent days, the markets collapsed again. What has changed in recent weeks?

There have been two convictions enforced. The first relates to Spain, the second is the European Central Bank . The markets are now expected to Spain later this year needs a bailout. If that happens, just the increased bailout will prove to be too small. In a few months, we are again faced with the choice either to increase the screen again, or risk a rupture of the euro area.

Spain is now where Greece was two years ago

The markets no longer believe in a stabilization of Spain's debt. It is no coincidence that the last panic attack just in the markets a week passes in which the Spanish Prime Minister Mariano Rajoy saving measures announced by ten billion euros in 2012, by "efficiency" in the health sector and in schools. Spain is now where Greece was two years ago.

The second reason for pessimism in the markets is changing perceptions about the policy of the European Central Bank (ECB). In December and February, the ECB pushed good one billion euros of liquidity into the banking sector. The markets reacted initially with euphoria. The idea was that the banks borrow cheap money with a repayment period of three years from the ECB. So it would buy short-term bonds to their governments and thus stabilize the bond market. The ECB was allowed for legal reasons, the bonds do not buy themselves. So they chose to go through the banks.

The ECB policy was like a drug

This theory has a number of hooks, which have now become apparent. The first is that the action proceeds indirectly and therefore expensive. Only a fraction of the money actually flows into the bond purchase.

The ECB's policy has thus apparently solved the banking crisis. In reality, the situation of European banks is as bad as ever. And as in Japan during the nineties, governments have no strategy to solve this problem effectively.

The greatest nonsense was the argument that the liquidity policy of the ECB would give the government time to resolve the crisis. There was a time illusion. It allowed the leaders to deny the reality of another three months and push the issue on the backburner.

One of the recent experiences of this crisis is that banks are less long. We are now back after Easter at the point where we were before Christmas.

Illusion of Time

So here we are. Greece is in default. Portugal and Spain are sure to follow. The only action by the ECB is kick the can down the road.

However, every can-kicking exercise adds debt and it is repayment of debt that is impossible in debt deflation cycles.

The current path does not work, and cannot possibly ever work, yet the only strategy of the ECB and the Fed is to do more of the same with greater and greater force.

I wrote about this long ago, on April 03, 2008 to be precise, in Fed Uncertainty Principle.

What I said about the Fed applies to the ECB as well, and central bankers in general.

Corollary Number Two:
The government/quasi-government body most responsible for creating this mess (the Fed), will attempt a big power grab, purportedly to fix whatever problems it creates. The bigger the mess it creates, the more power it will attempt to grab. Over time this leads to dangerously concentrated power into the hands of those who have already proven they do not know what they are doing.

Corollary Number Three:
Don't expect the Fed to learn from past mistakes. Instead, expect the Fed to repeat them with bigger and bigger doses of exactly what created the initial problem.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List

Damn Cool Pics

Sad Girls On ESPN
Zhang Yimou Portrait Made of Socks, Bamboo Sticks and Pins
Titanic By the Numbers [Infographic]

Sad Girls On ESPN

Posted: 12 Apr 2012 04:21 PM PDT

Twin brothers Kennedy and Coleman Collins, have started collecting (and captioning) sad fans (mostly female) from ESPN crowd shots in there tumblr "Sad Girls On ESPN".

Zhang Yimou Portrait Made of Socks, Bamboo Sticks and Pins

Posted: 12 Apr 2012 03:40 PM PDT

Zhang Yimou is a famous Chinese film director, who directed the movies Hero, House of Flying Daggers, Memoirs of a Geisha, and also was the art director for the Beijing Olympics. Many of his movies reflect the beauty of the Chinese culture, through the use of bamboos and traditional costumes. I thought Zhang Yimou's portrait done in a Shanghainese laneway, with bamboo and laundry would be perfect for this project.

I ended up using 750 pairs of socks because shirts were too big and expensive, plus I found an interesting way to pin the socks together, creating a diamond-shaped piece of skin. It was interesting to see the different angles of shadows casted on it throughout the day.

Titanic By the Numbers [Infographic]

Posted: 12 Apr 2012 01:28 PM PDT

Did you know that Titanic burned more than 650 tons of coal every day, and that it cost $167 million in today's money to build the ship? How about the fact that she set sail with over 16,000 bottles of wine and liquor? Get these facts and more on one of history's most infamous maritime disasters with "Titanic By the Numbers" brought to you by History.com.

Click on Image to Enlarge.

vineri, 13 aprilie 2012

West Wing Week: "You're Proof of Change"

20 SEO Tools You Might Not Have Heard Of, But Should Be Using

20 SEO Tools You Might Not Have Heard Of, But Should Be Using

Seth's Blog : Better than everyone

Better than everyone

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joi, 12 aprilie 2012

Mish's Global Economic Trend Analysis

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Damn Cool Pics

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vineri, 13 aprilie 2012

More Recent Articles

joi, 12 aprilie 2012

Pagini

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Arhivă blog

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