luni, 6 aprilie 2015

Seth's Blog : Categories

Categories

Are tomatoes a fruit?

The benefit of a category isn't to denigrate something or someone. It's to help us make better decisions with limited information.

If we put someone in the category of, "frequent business traveler," we can apply previous learnings about what people like this might want or need.

Categories are useful tools when they help us find shared worldviews and interests. They're ineffective when they are nothing but surface labels, labels that don't help us serve.

Use categories well and you seem like a well-prepared mindreader, able to provide what people need, sometimes before they even realize it. It means you can treat patients, lead employees and delight customers on a regular basis.

Use them with laziness or ill intent, and you dehumanize the very people you ought to be serving.

       

More Recent Articles

[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.



Email subscriptions powered by FeedBlitz, LLC, 365 Boston Post Rd, Suite 123, Sudbury, MA 01776, USA.

duminică, 5 aprilie 2015

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


The Obama Doctrine; An Astonishingly Good Deal? "Only Rand Paul Could Do Worse" Says Senator Graham

Posted: 05 Apr 2015 07:57 PM PDT

Hardline skeptics in Iran, the US, and Israel all want to scuttle President Obama's mission to forge a deal with Iran over its nuclear program.

Critics in the Iran want all sanctions removed, critics in US Congress claim Iran will never live up to the commitment, and critics in Israel do not want Iran to have any nuclear capability period.

An Astonishingly Good Deal

My position is the same as that of Vox writer Max Fisher who says This is an Astonishingly Good Iran Deal.

  • Iran will give up about 14,000 of its 20,000 centrifuges
  • Iran will give up all but its most rudimentary, outdated centrifuges: its first-generation IR-1s, knockoffs of 1970s European models, are all it gets to keep. It will not be allowed to build or develop newer models.
  • Iran will give up 97 percent of its enriched uranium; it will hold on to only 300 kilograms of its 10,000-kilogram stockpile in its current form.
  • Iran will destroy or export the core of its plutonium plant at Arak, and replace it with a new core that cannot produce weapons-grade plutonium. It will ship out all spent nuclear fuel.
  • Inspectors will have access to all parts of Iran's nuclear supply chain, including its uranium mines and the mills where it processes uranium ore. Inspectors will also not just monitor but be required to pre-approve all sales to Iran of nuclear-related equipment. This provision also applies to something called 'dual-use' materials, which means any equipment that could be used toward a nuclear program.

Deal Fact Sheet

The deal is even better than described above. Here is the Fact Sheet of the agreement.

Iran nearly walked out because the US would not agree to end all sanctions.

Nothing Much Left of Weapons Proposal

I see absolutely nothing in that package to dislike. There is not much left of Iran's nuclear weapons program to be worried about although Iran does get to keep a research center.

Republicans Blast Deal

Unfortunately, it's politics as usual in Congress as Republican hopefuls take turns criticizing Iran nuclear deal.
Republican hopefuls in the 2016 presidential race are criticizing the Obama administration's tentative nuclear deal with Iran, saying the agreement is dangerous for the United States and its allies.

"Obama's dangerous deal with Iran rewards an enemy, undermines our allies and threatens our safety," Wisconsin Gov. Scott Walker, who sits atop several early polls, tweeted shortly after the tentative deal was announced Thursday.

Walker also has vowed, if elected, that he will pull the U.S. from the international deal on "day one" of his presidency.

"The reported details of the Iran deal include significant concessions to a nation whose leaders call for death to America and the destruction of Israel," said Jeb Bush, another top potential candidate and a former Florida governor. "Iran remains a major destabilizing force in the region, working against American interests."

"This attempt to spin diplomatic failure as a success is just the latest example of this administration's farcical approach to Iran," said Florida Sen. Marco Rubio, who is expected on April 13 to announce his candidacy.

"We're  still looking at the exact details, but (the language of the deal) suggests it will dramatically undermine the interests of the U.S.," Cruz said Thursday night in a town hall-style meeting in Des Moines, Iowa. "This administration doesn't understand the people they are dealing with. They support death and suicide.
Politico cites a phone interview with Senator Mark Kirk: "I would say that Neville Chamberlain got a lot more out of Hitler than Wendy Sherman got out of Iran."

The Obama Doctrine and Iran

President Obama gave an exclusive interview to Thomas Friedman in the Oval Office Saturday afternoon as described in the New York Times article The Obama Doctrine and Iran.
President Obama invited me to the Oval Office Saturday afternoon to lay out exactly how he was trying to balance these risks and opportunities in the framework accord reached with Iran last week in Switzerland. What struck me most was what I'd call an "Obama doctrine" embedded in the president's remarks. It emerged when I asked if there was a common denominator to his decisions to break free from longstanding United States policies isolating Burma, Cuba and now Iran. Obama said his view was that "engagement," combined with meeting core strategic needs, could serve American interests vis-à-vis these three countries far better than endless sanctions and isolation. He added that America, with its overwhelming power, needs to have the self-confidence to take some calculated risks to open important new possibilities — like trying to forge a diplomatic deal with Iran that, while permitting it to keep some of its nuclear infrastructure, forestalls its ability to build a nuclear bomb for at least a decade, if not longer.

"We are powerful enough to be able to test these propositions without putting ourselves at risk. And that's the thing ... people don't seem to understand," the president said. "You take a country like Cuba. For us to test the possibility that engagement leads to a better outcome for the Cuban people, there aren't that many risks for us. It's a tiny little country. It's not one that threatens our core security interests, and so [there's no reason not] to test the proposition. And if it turns out that it doesn't lead to better outcomes, we can adjust our policies. The same is true with respect to Iran, a larger country, a dangerous country, one that has engaged in activities that resulted in the death of U.S. citizens, but the truth of the matter is: Iran's defense budget is $30 billion. Our defense budget is closer to $600 billion. Iran understands that they cannot fight us. ... You asked about an Obama doctrine. The doctrine is: We will engage, but we preserve all our capabilities."

Israel is right to be concerned about Iran, and they should be absolutely concerned that Iran doesn't get a nuclear weapon." But, he insisted, this framework initiative, if it can be implemented, can satisfy that Israeli strategic concern with more effectiveness and at less cost to Israel than any other approach. "We know that a military strike or a series of military strikes can set back Iran's nuclear program for a period of time — but almost certainly will prompt Iran to rush towards a bomb, will provide an excuse for hard-liners inside of Iran to say, 'This is what happens when you don't have a nuclear weapon: America attacks.'

"We know that if we do nothing, other than just maintain sanctions, that they will continue with the building of their nuclear infrastructure and we'll have less insight into what exactly is happening," Obama added. "So this may not be optimal. In a perfect world, Iran would say, 'We won't have any nuclear infrastructure at all,' but what we know is that this has become a matter of pride and nationalism for Iran. Even those who we consider moderates and reformers are supportive of some nuclear program inside of Iran, and given that they will not capitulate completely, given that they can't meet the threshold that Prime Minister Netanyahu sets forth, there are no Iranian leaders who will do that. And given the fact that this is a country that withstood an eight-year war and a million people dead, they've shown themselves willing, I think, to endure hardship when they considered a point of national pride or, in some cases, national survival."
Only Rand Paul Could Do Worse Says Senator Graham

Bloomberg reports Only Rand Paul Could Do Worse Says Senator Graham.

"The best deal, I think, comes with a new president. Hillary Clinton would do better. I think everybody on our side, except maybe Rand Paul, could do better," Graham said on CBS' Face The Nation.

Precisely what deal does Graham expect? For Iran to kiss his ass?

Most of the Republican candidates seem to believe that negotiation means surrender. Of course surrender implies war. Haven't we had enough wars?

Legacy of Obama

I seldom agree with president Obama on anything. Obamacare has been a disaster. I disagree with Obama on social spending, minimum wages, and collective bargaining. I did not vote for president Obama in either election, and I voted in both elections.

But Obama is correct on this issue. Unless Republicans manage to snatch defeat from the jaws of victory, this deal, not Obamacare will be the legacy of president Obama.

I am tired of political hypocrites who are against anything and everything simply because someone in the other party wants it. Republicans still will not admit that Romneycare and Obamacare are the same damn thing.

Had Romney won (I did not vote for him either), we probably would be at war with Iran right now.

The only way to break the cycle of war is diplomacy. Everyone should cheer this effort.

The worst that can happen is Iran reneges and sanctions are put back on. The best is vastly improved relations with Iran, an end to Iran's nuclear weapons program, free-flowing oil, more global trade, and a huge moderation in the attitudes of Iran towards the West.

Why Should Iran Trust Us?

If Republicans don't approve this deal, how about some reasons other than we don't trust them?

Given that Walker has vowed, if elected, that he will pull the U.S. from the international deal on "day one", why should Iran trust us?

Rand Paul 2016;

What "deal" does Cruz want? Walker? Rubio? Bush?

Based on their statements, I will not vote for any of them. I suspect many independents and libertarians feel the same way. People are tired of wars and this deal is the only chance to avoid war. And spare me the sap about Hitler. Iran has problems but it is not seeking world domination.

The "Obama Doctrine" is far batter than the "Bush Doctrine" that allows preemptive warfare. If we can preemptively attack others, why can't they do the same?  

I am more than pleased that Graham blasted Rand Paul over Iran. His willingness to endorse Hillary over Paul confirms one thing I was pretty sure of already: Rand Paul is not only the best Republican candidate, he is the only one that merits any consideration.


Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.

Autonomous Golf Green Mowing and the Death of Lawn Maintenance Employment in General

Posted: 05 Apr 2015 02:30 PM PDT

If mining operations will soon be autonomous, can golf course maintenance be far behind?

Here's an image of what to expect.



Please consider the Cub Cadet.
Since its introduction, the RG3 has been operated, demonstrated and tested at over two dozen courses nationwide, mowing more than 45 million square feet of greens in a variety of shapes, sizes, contours and grass types. During that time, the RG3 has been proven to make the golf course maintenance staff at least 50% more productive during the critical course preparation hours, while providing unparalleled consistency across all greens.

In addition to labor efficiencies, the RG3 has been proven to provide greens speed increases consistent with lightweight rolling practices, and the most consistent putting surface possible across all greens by combining rolling and mowing in the same unit and eliminating the influence of an operator.

Using a proprietary positioning technology that trumps GPS, the RG3 moves precisely and safely across the green, traveling in straight lines and along curved perimeters without the need for a human operator. Its gentle turns minimize turf bruising, while a built-in traction control feature reduces drum slipping on steep inclines. With a turn distance that is adjustable each day, turns in the same location can be eliminated.
"The RG3's impact to our putting greens has exceeded my expectations. We are achieving higher clipping yield, more consistent greens speeds and smoother putting surfaces with less manpower," says John Shaw, CGCS, Valley Brook CC.

Death of Lawn Maintenance Employment

Expect golf course mowing positions to vanish within a few years. Many yard work service positions will vanish as well.

Zero-degree mowers are in widespread use. It will not take much to equip them with self-mowing capability.

So instead of a homeowner farming out mowing (or mowing himself), envision a system where the homeowner maps the perimeters of the lawn and the perimeters of any flower beds that need to be avoided, and the mower does the rest.

Rather than pay someone to mow the lawn twice a week, a fully autonomous mower would pay for itself in a year or two most likely. And the higher the minimum wage, the faster the payback of purchasing such equipment rather than hiring someone to mow your lawn.

Accessories to fertilize the lawn will come with the package. Of course perimeter settings can move from machine to machine. This will enable mower settings transfer to equipment such as aerators.

Need aeration? Just have someone drop off an aerator, transfer your perimeter settings to the machine, and off it goes. Human operators need not apply.

The lawn service companies that remain in business will consist of drivers that drop off the equipment and perhaps make the initial perimeter settings, rather than human workers that actually mow or aerate lawns.

And of course, given that autonomous vehicles of all sorts are on the way, eventually human drivers will not even be needed to get lawn maintenance equipment to the location.

One reader commented "Robot lawn mowers have been around for about 10 years. It's the same technology as the iRobot vacuums that came out 20 years ago."

I responded "How well did those devices work and how much did they cost?" I actually doubt the technology is the same.

Regardless, it is obvious such technology is making huge inroads at a remarkable pace now. For whatever reason (cost or functionality), 20 years ago no one had such devices.

Fully autonomous vehicles of all sorts will be common within a few years.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.

Seth's Blog : A practical definition of reputation

A practical definition of reputation

Reputation is what people expect us to do next. It's their expectation of the quality and character of the next thing we produce or say or do.

We control our actions (even when it feels like we don't) and our actions over time (especially when we think no one is looking) earn our reputation.

       

More Recent Articles

[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.



Email subscriptions powered by FeedBlitz, LLC, 365 Boston Post Rd, Suite 123, Sudbury, MA 01776, USA.

sâmbătă, 4 aprilie 2015

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


Peek Inside Caterpillar's Fully Autonomous Mine Site - Drivers Not Needed

Posted: 04 Apr 2015 07:38 PM PDT

Mining automation has long been a dream for those in the industry.

In the following video, Caterpillar announces fully autonomous mining has arrived. Take a peek inside the people, technology and innovation that are making this dream a reality with a tour of an autonomous mine site in Australia.



Link if video does not play: Caterpillar's Mining Automation Journey

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Free Tuition at Stanford for Families Making Less than $125,000; Free Room and Board As Well for Under $65,000

Posted: 04 Apr 2015 12:00 PM PDT

Expect applications to Stanford university to soar with this announcement: Tuition free for Families Earning Less than $125,000 Per Year.
Stanford University will provide free tuition to parents of students who earn less than $125,000 per year — and if they make less than $65,000, they won't have to contribute to room and board costs, either.

Students are still expected to pay $5,000 toward college costs from summer earnings and working part-time while enrolled in college.

If a student's parents make less than $125,000 per year, and if they have assets of less than $300,000, excluding retirement accounts, the parents won't be expected to pay anything toward their children's Stanford tuition. Families with incomes lower than $65,000 won't have to contribute to room and board, either.

Students themselves will have to pay up to $5,000 each year from summer earnings, savings, and part-time work. There's no rule that parents can't cover their students' required contribution.

Why other colleges can't do this — but what they can learn

Stanford enrolls a high proportion of wealthy students, who pay higher tuition that helps subsidize lower-income peers. And Stanford is one of the world's richest universities, with an endowment of $21 billion.

On the other hand, there's something that every college could emulate about Stanford's policy: it's incredibly simple and straightforward.

Middle-class students know even before they apply to Stanford what they'll have to pay to attend, whether they'll be able to afford it, and how much they'll have to borrow. At most colleges, the amount a family is expected to pay doesn't show up until after students have applied, been accepted, and filled out financial aid paperwork. That's partly because many colleges are stretching their financial aid budgets and don't know what they're dealing with until students have been admitted.

Most colleges can't match Stanford's generous financial aid commitment. But they could at least try to duplicate its simplicity.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Endless Supply of Rabbits? Greece to Make April 9 IMF Repayment; Bond Market Unimpressed; Tsipras Heads to Russia

Posted: 04 Apr 2015 10:53 AM PDT

Greece to Make April 9 IMF Repayment

April 9th was one of the critical dates by which Greece was said to be out of cash. By now most expect these kinds of deadlines to come and go in belief the eurozone hat has an endless supply of rabbits.

Sure enough, Reuters reports Greece Says Ready to Make IMF Payment on April 9
Greece will repay a loan tranche to the IMF on time on April 9, its deputy finance minister said on Friday, seeking to quell fears of default after a flurry of contradictory statements on the issue in recent days.

Greece is fast running out of cash and its euro zone and International Monetary Fund lenders have frozen bailout aid until the new leftist-led government reaches agreement on a package of reforms.

That prompted the interior minister to suggest this week that Athens would prioritize wages and pensions over the roughly 450 million euro ($490 million) payment to the IMF, though the government denied that was its stance.

Euro zone officials then quoted Greece as saying it will run out of money on April 9, which the finance ministry denied.

"We strive to be able to pay our obligations on time," Dimitris Mardas told Greece's Skai TV. "We are ready to pay on April 9."

Adding to the confusion, German magazine Der Spiegel quoted a finance ministry general secretary, Nikos Theocharakis, as saying Greece would probably not pay next week's IMF tranche, prompting a further denial from the Greek finance ministry.
Bond Market Unimpressed

The bond market is unimpressed. Let's take a look at several durations.

Greece 10-Year Bond Yield



Greece 5-Year Bond Yield



Greece 2-Year Bond Yield



Notice the steep inversion in the yield curve. The 10-year yield is 11.91% while the 2-year yield is 23.57%.

This is a sign of default risk and the larger haircuts that shorter term durations will take vs. longer durations. Come in far enough and the bond prices are steep, but no longer inverted.

For example let's take a look at 3-month and six-month durations.

Greece 3-Month Bond Yield



Yield on the Greek 3-month bond is exceptionally high compared to the rest of the eurozone but at least it is not inverted compared to 10-year bonds.

However, the 3-month bond is inverted compared to the 6-month bond.

Greece 3-Month Bond Yield



Tsipras Heads To Moscow As IMF Withdraws Athens Staff

Zerohedge reports Tsipras Heads To Moscow As IMF Withdraws Athens Staff; Greek Default Risk Hits Post-Crisis High
Amid growing pressure from their 'Troika colleagues' with Eurogroup Chair Dijsselbloem noting there is "still a long way to go" on Greek proposals and The IMF withdrawing its staff in Athens; new prime minister Alexis Tsipras heads to Russia to meet with Putin early next week. As Kremlin spokesman, Dmitry Peskov noted - somewhat intriguingly - "Greece has not asked [Russia] for financial aid... yet," as Tsipras is expected to seek agreement for a 'road map' of initiatives on the political and economic levels. Greek default risk has resurged in the last few days to its highest since the last 'restructuring'...

Greek default risk hits post-crisis highs...


Odds of Default Surge

Back on January 28, Bloomberg stated Greece Credit Swaps Surge to Signal 70% Probability of Default. Odds have gone up since then.

Endless Supply of Rabbits?

Is there an endless supply of rabbits? I actually do not think so. Greece may not run out of money in April but it will run out of money by June in my estimation. That is less than three months away.

As I noted on February 11, Greece Needs Third Bailout to the tune of €53.8 Billion Needed.

I am convinced that Syriza will not agree to another bailout adding still more debt on top of the already unsustainable €323 billion pile. The extension granted to Greece runs out in June. In July a €3.5 billion payment is due the ECB, and in August another €3.2 billion payment is due the ECB.

Can Greece come up with €6.7 billion? I don't think so. All this extension did was give both sides more time to come up with an exit strategy.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Seth's Blog : Customer service and luxury

Customer service and luxury

If your Chanel bag wears out, don't expect the same response you might find if you have trouble with something from LL Bean or Lands End. Luxury brands have long assumed that if you can afford to buy it, you can afford to replace it.

That's changing.

The mass brand leaders in most markets have figured out how to deliver extraordinary promises at scale. Note the high end guys. The mass ones. They do this by realizing that the cost of making the customer happy is tiny compared to the cost of leaving her unhappy.

[Hint: if you think that there's any chance at all that people consider what you sell a luxury good, the answer is, they probably do.]

Go to a McDonalds. Buy a Big Mac and a chocolate milkshake. Drink half the milkshake. Eat half the Big Mac. Put the rest of the Big Mac into the milkshake, walk up to the counter and say, "I can't drink this milkshake, there's a Big Mac in it." You'll get a refund. (Please don't try this, but yes, it works).

It's cheaper to just say, "here's a refund," than it is to start a debate.

How is a luxury brand going to compete? Is part of the story of why you pay extra because of the service you'll get? Lexus did groundbreaking work on this (compare the Lexus service story/truth to the way Porsche or Jaguar owners used to be treated).

Luxury buyers who see that they're getting lesser service feel stupid, and stupid is the brand killer.

If you're going to sell luxury, you probably need to figure out how to use some of the premium you charge to deliver even better service than your lower-priced competition.

       

More Recent Articles

[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.



Email subscriptions powered by FeedBlitz, LLC, 365 Boston Post Rd, Suite 123, Sudbury, MA 01776, USA.

vineri, 3 aprilie 2015

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


Huge Miss on Jobs: Establishment +126K Jobs; Household +34K Employment, Labor Force -96K

Posted: 03 Apr 2015 08:22 AM PDT

Initial Reaction

For a huge change we see the existing pattern of a strong establishment survey but a poor household survey has been replaced by weakness all around.

Last month I stated "The household survey varies more widely, and the tendency is for one to catch up to the other, over time. The question, as always, is which way?"

It is still difficult to say if this is the start of a new trend, but it could be.

Last month the household survey showed a gain in employment of a meager 96,000 and much of that was teen employment. This month the household survey came in at an anemic 34,000.

The labor force declined in each of the last two months. Those "not in the labor force" rose by a whopping 631,000 in the last two months.

Huge Miss on Expectations

The Bloomberg Consensus jobs estimate was for 247,000 jobs, missing by a mile. In fact,  the number came in lower than any estimate. The estimate range was 200,000 to 271,000.

Not only that, January and February were both revised lower. The net was 69,000 lower.

Economists blame the weather. Bad weather in March? And not in January and February? 

Let's take a look at all the key numbers.

BLS Jobs Statistics at a Glance

  • Nonfarm Payroll: +126,000 - Establishment Survey
  • Employment: +34,000 - Household Survey
  • Unemployment: -130,000 - Household Survey
  • Involuntary Part-Time Work: +70,000 - Household Survey
  • Voluntary Part-Time Work: -104,000 - Household Survey
  • Baseline Unemployment Rate: +0.0 at 5.5% - Household Survey
  • U-6 unemployment: -0.1 to 10.9% - Household Survey
  • Civilian Non-institutional Population: +181,000
  • Civilian Labor Force: -96,000 - Household Survey
  • Not in Labor Force: +277,000 - Household Survey
  • Participation Rate: -0.1 at 62.7 - Household Survey

March 2015 Employment Report

Please consider the Bureau of Labor Statistics (BLS) Current Employment Report.

Total nonfarm payroll employment increased by 126,000 in March, and the unemployment rate was unchanged at 5.5 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, health care, and retail trade, while mining lost jobs.

Click on Any Chart in this Report to See a Sharper Image

Unemployment Rate - Seasonally Adjusted



Nonfarm Employment January 2012 - March 2015



Nonfarm Employment Change from Previous Month by Job Type



Hours and Wages

Average weekly hours of all private employees declined by 0.1 to 34.5 hours. Average weekly hours of all private service-providing employees was flat at 33.4 hours.

Average hourly earnings of production and non-supervisory private workers rose $0.04 at $20.86. Average hourly earnings of production and non-supervisory private service-providing employees rose $0.03 at $20.66.

For discussion of income distribution, please see What's "Really" Behind Gross Inequalities In Income Distribution?

Birth Death Model

Starting January 2014, I dropped the Birth/Death Model charts from this report. For those who follow the numbers, I retain this caution: Do not subtract the reported Birth-Death number from the reported headline number. That approach is statistically invalid. Should anything interesting arise in the Birth/Death numbers, I will add the charts back.

Table 15 BLS Alternate Measures of Unemployment



click on chart for sharper image

Table A-15 is where one can find a better approximation of what the unemployment rate really is.

Notice I said "better" approximation not to be confused with "good" approximation.

The official unemployment rate is 5.5%. However, if you start counting all the people who want a job but gave up, all the people with part-time jobs that want a full-time job, all the people who dropped off the unemployment rolls because their unemployment benefits ran out, etc., you get a closer picture of what the unemployment rate is. That number is in the last row labeled U-6.

U-6 is much higher at 10.9%. Both numbers would be way higher still, were it not for millions dropping out of the labor force over the past few years.

Some of those dropping out of the labor force retired because they wanted to retire. The rest is disability fraud, forced retirement, discouraged workers, and kids moving back home because they cannot find a job.

For further discussion of a more accurate measure of the unemployment rate, please see Gallup CEO Calls 5.6% Unemployment Rate "The Big Lie": What's a Realistic Unemployment Rate?

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

This week's top Pins

Take a look at what's popular on Pinterest this week!
Pinterest
 
Get the app!
Android · iOS
 
Mobile App
 
 
Hi Hari,
Take a look at what's popular on Pinterest this week!
See more top Pins
 
 
 
This week's top Pins
 
...
Pin it
 
love
Pin it
 
Flower Pretzel Bites
18
Pin it
 
Need a simple guide to help you remember how to ...
Pin it
 
Get rid of your muffin top!
Pin it
womens health 25 ridiculously healthy foods | 25 Ridiculously Healthy Foods ...
Pin it
 
Baked Creamy Cheesy Chicken Flautas with Guacamole
Pin it
 
Just breathe
Pin it
 
Happy Pinning!
 
 
Get the Pinterest App
Check recipes at the store, browse Pinterest
on the bus and more.
Available on the
App Store
Available on
Google Play