sâmbătă, 8 septembrie 2012

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


No One Happy Except Stock Market; Discord Emerges in Spain, Italy, Germany to ECB Announcement

Posted: 08 Sep 2012 06:33 PM PDT

Discord Emerges

It's not just Germany expressing reservations about the ECB's plan to "Save the Euro". Spain, Italy, and Germany all have concerns about the plan launched last week by ECB president Mario Draghi.

Germany does not like the plan because it does too much (please see 54% of Germans Want Constitutional Court to Kill the ESM; Merkel's Disingenuous Reservations) but Italy and Spain are annoyed they may have to bow to the Troika to get bailouts.

Please consider After High Note for Euro Plan, Discord Emerges.
Greeted with initial fanfare by investors and economic officials, the unlimited bond-buying plan that the European Central Bank president, Mario Draghi, announced Thursday ran into immediate political problems in the crucial countries of Germany, Spain and Italy.

In Germany, despite Chancellor Angela Merkel's support for Mr. Draghi and the independence of the Central Bank, political and news media reaction was scathing, with accusations that the bank, in seeking to stabilize the euro currency union, was subverting its mandate to fight inflation and forcing debt upon euro zone members.

"A Black Day for the Euro," "Over the Red Line" and "Pandora's Box Opened Forever" were some of the German headlines, with the normally sympathetic Süddeutsche Zeitung headlining an editorial: "The E.C.B. Rewards Mismanagement." Even the German Bundesbank, officially part of the European Central Bank, put out a statement commenting acidly that the plan was "financing governments by printing bank notes."

At the same time, the two intended beneficiaries of the Draghi plan — Spain and Italy — expressed reluctance to ask the bank for help, even if both might eventually have little choice but to seek aid. The governments in Madrid and Rome apparently fear the political impact at home of bowing to whatever demands for harsh economic policy changes might come with the aid.

"Those who did everything to have the E.C.B. help now say they don't want it," Ferruccio de Bortoli, editor in chief of the newspaper Corriere della Sera, said in a Twitter message. "Speculation will play on this contradiction."
ECB's Dirty Work

German newspapers blasted the announcement, even typically pro-EU newspapers as per Der Spiegel article 'The ECB Is Doing Governments' Dirty Work'
The markets reacted to the announcement with euphoria. On Friday, the German DAX stock market index climbed to over 7,200 points, its highest level in 2012. Yields on Spanish and Italian sovereign bonds dropped, as well.

But the criticism of the ECB's course continued in Germany. Bundesbank President Weidmann reiterated his opposition to the move, saying it was too close to "state financing via the money presses." Alexander Dobrindt, general secretary of Bavaria's conservative Christian Social Union, said that the ECB must be "a stability bank and not an inflation bank".

The center-left Süddeutsche Zeitung writes:

"Rescuing the euro at any price could be an economic disaster -- that is the red line that must not be crossed. The other limit is the law: In a community based on law, the ends can never justify the means. A euro community that is based on constantly breaching treaties is built on a shaky foundation."

"On Thursday, the ECB unfortunately crossed both red lines. It did so reluctantly and not irrevocably, and yet it did so with determination. The purchase of government bonds by the central bank means that the ECB will tolerate and even reward economic mismanagement. (…) The crisis countries are not out of the woods yet. And that means that if the ECB provides them with unlimited help, then it is financing unsound states. It can only do so by printing ever more money. Ultimately, there will be the threat of bubbles, crises and inflation. It will benefit speculators, and the vast majority of citizens will have to foot the bill."

The center-right Frankfurter Allgemeine Zeitung writes:

"Draghi has made it clear that, from now on, the ECB will only buy bonds when a crisis-hit country asks for help from the euro rescue fund or agrees to other conditions. But that promise isn't new. The would-be saviors of the euro have been insisting on structural reforms for years. The recipients of aid make promises but often do not keep them. But what will the ECB do if, say, Italy does not carry out the labor market reforms it has promised? Is it going to start selling Italian bonds? It can't if it takes its own argument seriously, that monetary policy in the euro zone no longer functions properly."

"The central bank is getting tangled up in its own arguments because it has allowed itself to become the prisoner of politics. Since it is willing to make up for the failures of European politicians, it can not quit the bond-purchasing program."

"The leaders of southern euro-zone countries should be happy: They can continue to borrow at low interest rates and do not need to worry about finding investors. But the northern leaders are satisfied, too, because they can hide behind the ECB and do not need to face uncomfortable questions in, say, the Bundestag (Germany's parliament) about all the additional risks that Germany is taking on. In the euro zone, there is no longer a distinction between monetary and fiscal policy."

The conservative Die Welt writes:
"Every time the politicians shout 'fire,' the ECB puts it out. ..
"With his reference to a possible breakup of the euro zone, Draghi tried to justify the fact that he is trampling all over the ECB's statutes. In doing so, he is doing the dirty work for governments, who can slow down the pace of reforms a bit now that they are being protected by the central bank. At the same time, the ECB will get clogged up with government bonds from the crisis countries."

"The dangers of this policy are enormous. At the moment, it's not inflation that is the big problem. Rather, it is the redistribution of wealth from the north to the south in a completely non-transparent way and without political legitimacy. (The money is flowing) from the savers to those who benefit from this irresponsible monetary policy. This is undemocratic and antisocial."
No One Happy Except Stock Market

There are some favorable comments in the Der Spiegel but many additional negative ones that I did not excerpt.

Curiously, no one seems happy with the deal but the central bankers who hatched the plan and the stock market.

Of course the stock market always easy money, until things blow sky high like the 2000 dotcom bubble and the 2005 housing bubble.
 Addendum:

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54% of Germans Want Constitutional Court to Kill the ESM; Merkel's Disingenuous Reservations

Posted: 08 Sep 2012 10:03 AM PDT

Moment of Recognition

It appears a majority of German citizens have finally had enough of chancellor Angela Merkel saying one thing and doing another in regards to bailouts. They have also had enough of Mario Draghi and his policies.

According to Der Spiegel a Majority of Germans Want the Constitutional Court to Kill the ESM

Poll Results

  • 54% want the court to reject the ESM outright. Only 25% want the court to ignore the Euroskeptics
  • 53% are against transfer of more powers to the EU. Only 27% are in favor.
  • 42% want Greece out of the Eurozone. Only 30% want Greece in the Eurozone.

Merkel's Disingenuous Reservations

Another article in Der Spiegel claims Merkel has also expressed reservations on ECB decision.

Merkel frequently says one thing and does another. If she has reservations, I suggest the reason is political expediency. Too many Germans are against the ESM for her not to express reservations.

Other German politicians are much easier to read.

For example...
CSU General Secretary Alexander Dobrindt reacted anxiously: "I stand by my warning that a public finance by printing is wrong and extremely dangerous." He could only urge Draghi strongly "not to open the floodgates for comprehensive purchasing programs." Dobrindt warned: "The ECB must be a bank stability and must be no inflation bank."

Sharp criticism of Merkel came from the opposition: SPD parliamentary leader Frank-Walter Steinmeier appreciated the decision of the ECB as a "document of failure" of Chancellor Merkel. You know "that in its own coalition has no majority for more bailouts," Steinmeier said in Berlin on Thursday. Therefore, the chancellor had assigned all responsibility for the euro bailout by the ECB. "What follows now is taking place with much reduced parliamentary control," said ahead of the SPD politician.

Even Green group leader Jürgen Trittin criticized Merkel. With their hardline attitude to the question of debt repayment pact Merkel, ECB President Mario Draghi have left no choice but to introduce as a pooling of debt through the back door, Trittin said on Thursday in Hanover. The danger now is that the German billion support for the bailout fund could be used up indefinitely. There were no strict rules for the use of aid

The EU treaties give the ECB the task of watching over the price stability in the euro area and set monetary policy. The financing of government budgets is the ECB therefore not allowed. Critics argued in recent weeks repeatedly, through the purchase of government bonds from crisis countries, the central bank financiers but indirectly budgets.

Court Ruling Coming Up

On September 12, the German constitution court is expected to rule on the ESM as well as the fiscal treaty chancellor Angela Merkel signed in March.

I believe bond purchases by the ECB are in violation of the Maastricht and Lisbon treaties which explicitly ban state funding. Nonetheless, I expect the court to OK the ESM with reservations and warning.

One thing that might influence a no vote is Mario Draghi's plan that allows unlimited purchases. Thus approval by the court is not guaranteed by any means.

Addendum:

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Weekly Address: Coming Together to Remember September 11th

The White House Saturday, September 8, 2012
 

Weekly Address: Coming Together to Remember September 11th

President Obama marks the eleventh anniversary of the September 11th attacks by remembering the innocent lives lost, and honoring the first responders and men and women in uniform who have served and sacrificed to keep our country safe.

In the difficult years following the attacks, the United States has come back stronger as a nation, decimated the leadership of al-Qaeda, ensured that Osama bin Laden will never attack America again, and strengthened our alliances across the world.

The President has signed a proclamation making Friday, September 7 through Sunday, September 9, 2012 National Days of Prayer and Remembrance.

To join that commemoration, you can sign up for a service opportunity near you at Serve.gov.

Watch President Obama's weekly address.

Weekly Address

Weekly Wrap Up

President Obama Speaks to Troops at Fort Bliss: Last Friday, two years after his visit to Fort Bliss that marked the end of the combat mission in Iraq, President Obama returned to speak to the troops.

"Now, when I was here last, I made you a pledge. I said that, as President, I will insist that America serves you and your families as well as you've served us," he said. "And there again, I meant what I said. Because part of ending wars responsibly is caring for those who fought in it. That’s why I wanted to come back to Bliss on this anniversary to reaffirm our solemn obligations to you and your families. You see, we may be turning a page on a decade of war, but America's responsibilities to you have only just begun."

Watch the video of President Obama speaking to troops at Fort Bliss, and read more about his visit.

President Obama Meets with Victims of Hurricane Isaac: On Monday, President Obama visited St. John’s Parish in Louisiana to understand the damage from Hurricane Isaac and meet with officials responding to the disaster. The President highlighted the “extraordinary work” done by local first responders who worked around the clock to rescue residents stranded by high water in a place that hadn't flooded in 17 years.

"Some of the folks that we just walked by literally had to be saved by boat. They were in their homes, trapped. The waters came in so quickly," he said. "But because of the great work of law enforcement, National Guard, Coast Guard, making sure that folks were out in rescue mode rapidly, even in some cases at risk of their own lives, no lives were lost."

Learn more about the President’s visit in Louisiana.

White House Beer Recipe: Over the weekend, Chef Sam Kass released the much anticipated White House beer recipes. After a lot of online buzz and a popular petition on We the People, the White House’s online petition platform, the White House decided to give America the White House Honey Ale and the White House Honey Porter recipes. Check out the behind the scenes of the home-brewing process.

White House Mobile App: On Tuesday, we announced some big changes to the way you connect with the White House. With the growing reliance on tablets and smart phones as well as demand for mobile access, we’ve relaunched the entire White House mobile program, making it even easier to see what's going on at 1600 Pennsylvania Ave.

First, we revamped the mobile version of WhiteHouse.gov, giving it a new look and making more than 99% of the site available to mobile users. We've also released new versions of the White House apps for the iPhone and Android, rebuilding them from the ground up and adding several new features. For the first time, these apps are also fully compatible with the iPad and Android tablets.

Read more about the White Houses’ revamped mobile program and watch a video about the White House app.

Inside the White House: Also this week, White House curator William Allman hosted Office Hours on Twitter, answering questions about the art and history of the White House. During the chat, he discussed who manages the art, the oldest piece in the building, the Obama family’s favorite, and more. Check out the full Q&A and take a tour of the White House yourself through the Google Art project.

3 Million Signatures Later: Recently, We the People crossed the 3 million signature threshold.  The White House launched We the People last year, offering a powerful and simple way to petition the Obama Administration to take action on a range of issues. If a petition gathers enough signatures, policy officials review it and publish an official response. Many times, petitions posted on We the People have a real impact on policy-making. To learn more, check out a couple key facts and figures about the We the People platform, and view a map of petition signatures by location

Stay Connected

 

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Seth's Blog : Worth doing?

Worth doing?

One reason to do something is because you get paid to do it.

But it's sad to think that this might be the only reason to do something.

Now that you've got a skillset and trust and leverage and a following and the tools to make something happen, are you going to invest your heart and soul into something that's important or selling something you're not proud of?



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vineri, 7 septembrie 2012

Damn Cool Pics

Damn Cool Pics


GIF Sound the Video

Posted: 06 Sep 2012 07:39 PM PDT



A compilation of some of the best offerings from Reddit's GIF Sound subreddit, which are largely made using GIF Sound, a site that allows users to combine animated GIF's with sounds/music from YouTube videos.


Is Social Media The Best Use of Your Time? Graywolf's SEO Blog

Is Social Media The Best Use of Your Time? Graywolf's SEO Blog


Is Social Media The Best Use of Your Time?

Posted: 07 Sep 2012 10:26 AM PDT

When it comes to small businesses, time is usually one of the biggest hindrances. Every small business owner I know (myself included) would love to have a few more hours each day. Since our time is limited, it’s important to plan and be productive with every hour. Almost every day, I will have 10 hours [...]

This post originally came from Is Social Media The Best Use of Your Time?

  • Talking Social Media With Loren Feldman of 1938 Media I had the pleasure of hanging with Loren Feldman of...
  • Social Media and B2B One of the people I met a SMX was Lisa...
  • Is There Really Such a Thing as a Social Media Expert One of the common themes I see recurring in blog/websites...
  • Still Think You Can Ignore Social Media, Blogs, YouTube and Blended Search Still think this whole social media, blog, youtube, universal search...
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  • Using Followerwonk to Grow Your Twitter Account - Whiteboard Friday

    Using Followerwonk to Grow Your Twitter Account - Whiteboard Friday


    Using Followerwonk to Grow Your Twitter Account - Whiteboard Friday

    Posted: 06 Sep 2012 08:04 PM PDT

    Posted by randfish

    Building and analyzing social accounts is a must for SEOs. In this week's Whiteboard Friday, Rand discusses the newest free product for SEOmoz PRO members: Followerwonk! This splendid tool is a great way for SEOs to manage their social accounts through linkbuilding, outreach, adding value to campaigns, growing a social media presence, and more.

    Based on four key sections of the Followerwonk site, you'll learn how to search inside Followerwonk for specific users, compare your users for overlaps in follows and followers, analyze your followers for details and stats, and track your followers for wins and losses. Analyzing your social accounts has never been so easy - and so fun!

     



    Video Transcription

    Howdy, SEOmoz fans! Welcome to another edition of Whiteboard Friday. This week we're going to talk a little bit about Followerwonk.
     
    Now, for those of you who don't know, SEOmoz recently acquired Followerwonk. It's now a completely free product for PRO users. So if you're a SEOmoz Pro customer, you literally just go over to Followerwonk, connect your SEOmoz account, log in with Twitter if you haven't already connected a Twitter account, and boom, you're good to go. You get Followerwonk free. We're very excited about this.
     
    I've loved Followerwonk for a long time, kind of wanted to do a Whiteboard Friday about all the cool ways that I use it, and all the cool ways that SEOs can use it to do magical stuff with their social accounts on link building and outreach and all that kind of stuff, but I figured hey, let's wait until it's free for you. So, here you go. Now Followerwonk, totally free, you can use it any time you want.
     
    So I've got four tips, and this is based on four different sections of Wonk. So if you go to the Followerwonk product, you'll see four tabs that look like this: Search, Compare, Analyze, and Track. Those four tabs, there's actually a fifth tab that I'm not going to mention today, but you can go check it out, too.
     
    Number one, the first one, is the Bio Search feature. Now, this is very cool for sort of outreach and discovery. If you think of Open Site Explorer as a look into the link graph of the Web, the bio search inside Followerwonk is really a look into the Tweet graph or the Twitter user graph of Twitter.
     
    So I can go and I can do things like outreach, look for journalists or bloggers, influencers in a specific niche, etc., just by searching the words in here. A warning though, you've got to be pretty literal. So I would do a couple of things. I would first click on the More Options. There's a More Options link right below the search box. If you click that link, it'll drop down another box that shows you a bunch of other options. Get creative in there. Start searching for synonyms. Someone might call themselves a journalist, a reporter, a writer, an investigator, whatever it is, and you want to be making sure that you're using all those different combinations.
     
    Same is true for location stuff. So some people, they'll say they're in Dublin, they'll say they're in Ireland, they'll say they're in Southern Ireland, they'll say they're in some weird combination of phrases. Sometimes people will use SEA to describe Seattle. Fine, great. So you just need to be creative when you're plugging those terms in here.
     
    You can also use it for geo-targeting, so find folks to connect with. If you're going to a city, you're going to an event somewhere, you're visiting somewhere, and you know hey, let me just see if there are influential people in my sphere. So if you're in the paper goods industry and you want to see if there's a big letterpress person, a big engraver person, a big craft artist who happens to be in Philadelphia or Pittsburgh or Austin, Texas, wherever you're going, you can use that Bio Search to find those people, start tweeting back and forth. "Hey @soandso, I'm visiting next week. Any recommendations?" You often get great replies and can build great connections out of that.
     
    Events and interests, so this is another way to use this. If you're going to be at a specific event, even an online event, a webinar, or you're going to participate in a Twitter chat or something like that, you can look for the people who have those hashtags and who are in a location or in a specific field. So if I'm going to Dublin, for example, later this month, I might search for SEOs who happen to be in Dublin, and I can see if I can connect with those folks, get them to come to an event that I'm going to be speaking at while I'm there, those kinds of things. You can really use this to figure out who are the influencers in a specific industry or at a conference or meet-up.
     
    Number two: Compare Users. This has got to be one of my favorite features, and the reason is really simple. When you think about doing link outreach, one of the most powerful ways and things that people do is use the SEOmoz link intersect tool, and they use it to go, "Who is linking to two or more of my competitors, but not to me?" Magical. You can do that with Followerwonk on Twitter.
     
    If you go to the Compare Users tab, you can only do it for two at a time, but it still works really well and it's very fast. So I can go, "Oh, hey, I want to see who's following Joel and who's following Karen, who is not following me." And that's exactly what this point of intersect in the little Followerwonk Venn diagram does. If I look at those, there's a list on the side, I can actually click and see the list of users, sort them by influence, sort them by follower count, sort them by a ratio, whatever I want to sort them by. I can even download in Excel that group if I want, and then import and play around with it and do my pivot tables, whatever you want to do. This is an awesome way for discovering those likely influential followers of your topic area, who are interested in things you're interested in and follow multiple competitors. If they follow one of your competitors, they might just be a fan of them. If they follow two or more, chances are they're a subject matter expert or subject matter interested person, and that means they're a great potential target for outreach, for influence. You know that you want to probably reach that group, particularly the ones who have lots of followers.
     
    Number three: the Analyze Followers. Oh, I don't know. Tough call as to whether this is my favorite feature or this one. For you, for your own account, what I recommend is plugging it into the Analyze Followers. So I'd plug in @randfish, you plug in your account name, and it'll show you all sorts of things. If you scroll to the bottom of that list, there's tons of stuff. So there's geo-data, and there's tweet and re-tweet data, and there's the distribution of the influencers of your followers, and all sorts of other cool stuff. But one of my favorite ones is this little graph right here. It basically shows times of day. So this'll be 12:00 a.m. or whatever, and this will be 12:00 p.m. here, and that's 11:00 p.m. down here, and it'll show me what time my followers are online and what percentage of them are online.
     
    The coolest part about this is if you look at the top, the highest bar on there, what you'll most likely see is something under 10%. What this means is that people who are on Twitter, of your followers who are on Twitter, less than 10% for me it's 6.5% of my followers maximum are on Twitter, using Twitter at any given time. So if I tweet a link, unless someone's going back through and looking at all their tweets and my account specifically, the maximum number of people that I'm going to reach is less than 3,000, because I have 60,000-ish followers. So 5% of that would be around 3,000. Crap! You know what this tells me? This tells me I really, really, really should be sharing not just at this time of day, but probably at least once or twice more if I have an important link to share.
     
    So I put up a new blog post pretty much every night on Moz.com/rand, my new blog, and I share late, late at night. In fact, I share right there, at probably the worst possible time I could share, because that's when I'm up, and I go to sleep around 1:00 or 2:00 am, and I don't get enough sleep. I should probably change that. But I share here. I need to share again in the morning Pacific time, because that's when the most, the highest number of my followers. And I could probably do with sharing again the next afternoon, without much overlap. There are very few people who are going to be online all three of those times. Sharing twice or three times saying,
    "Hey, here's my post from last night in case you missed it," that kind of a thing, which I do almost every morning, this is a very, very excellent idea. And then this graph will show you exactly when to do that. Super smart, really, really cool.
     
    For other accounts, I would also recommend that you plug in some other folks and analyze, particularly folks in your industry or folks who are influencers or journalists or whoever it is that you think you want to have some overlap with, find who their most influential followers are. So this could be a competitor. It could be a reporter in your space. It could be someone who's just a very powerful blogger, and whether they're a right target, because the list of data that you'll see will show you a lot of information about who's following them from a demographic and psychographic perspective and a tweet-likelihood perspective, and a influencer perspective. Sometimes clicking on that list of high influencers, of followers of them, that have a lot of influential followers and seeing who those people are, those can also turn into great targets to connect with.
     
    Last thing: the Track Followers account. My favorite part of this particular feature is that it shows me a timeline of new followers and lost followers. So basically, what I'm seeing up here is I gained +100 new followers on this day. Well, what did I do that day? And I can click and actually see who are those followers. I can click over to my Twitter account and see what was I tweeting that day. This is a great, great way to see, "Am I doing a good job of engaging? Is it when I tweet a lot, or when I tweet a little? Or when I get a lot of re-tweets? Or when I share a particular link? What am I doing that's getting me there?"
     
    In fact, I had a fascinating example recently. This past week, actually when you're watching this, this will be two weeks ago, I was in Boston for the Inbound Conference from HubSpot, and I spoke to a big audience there. There were almost 2,000 people in the audience I think like 2,800 attendees, so big audience. I do a keynote session on some SEO stuff, and this is what happened. I basically had my highest growth day that I've had in almost three months - well, I had a big day when we got some funding too
    - but this was like +390 some odd followers that joined that day and started following me. And I had a bunch a followers the next day, and that same time, I got verified by Twitter. Twitter sent me and email saying,
    "Oh, hey, we'd like to verify your account."
     
    So kind of a fascinating thing and this actually keeps track of who those people are and what happens so I can see and I can try and track down, "Was it really me doing the HubSpot conference, or was it something else?" It probably was the Inbound Conference, but this is a fascinating thing. I can do this same thing on the other side and look at, "Why did I lose so many followers here? What did I tweet?"
     
    By the way, almost every time I lose a bunch of followers, it's one of two things: I tweeted something relatively political, and I mean political not just in the sense of like American politics and national politics, but also political in terms of black-hat/white-hat, and SEO spammers versus the good guys in SEO, that kind of stuff. That can lose me quite a few followers. And then the other reason that I lose a lot of followers that I've seen is when Twitter does a big spam clear out. So clear out a ton of spam accounts and that'll drop my follower account.
     
    So it's fascinating to watch this stuff. All four of these are just great reasons to be using Followerwonk. If you've got an SEOmoz Pro account, you should go check this out. Even if you don't, a lot of these features are free. You can use them for the first time for free, so I would encourage you to do it. You'll get a ton of value out of Wonk. In terms of Twitter and adding value to your SEO campaigns and growing your social media presence and the reach of your links, there's nothing like this. So that's why I was so excited to acquire them.
     
    If you have great suggestions for Followerwonk, things that you want to see, please leave them down in the comments. We would love that.
     
    Thanks very much everyone. We'll see you again next time for another edition of Whiteboard Friday. Take care.

    Video transcription by Speechpad.com


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    Where Are My Rankings?

    Posted: 06 Sep 2012 06:15 AM PDT

    Posted by Thomas McElroy

    Over the last 3 weeks, you may have noticed some instability with our Rankings tools through missing data and error messages stating some tools are unavailable. On Friday, we experienced a totally different, unrelated problem with our rankings data. We expect to have an updated prognosis for that problem by tomorrow, but we want to fill you in on what went down at Mozplex to cause these issues in the first place. To be as transparent as possible about what happened and how we're working to fix the issue, below is a summary of what was impacted, the work we did to get things going again, and what we’re doing in the future to make the system more resilient.

    Database issues? What gives?

    Our SERP data subsystem (which runs on the distributed storage technology Riak) had a couple of nodes fail. To learn more about Riak, here's a blog post we wrote when we made the switch last year. The subsystem is designed to handle such failures; however, we did not handle the failure correctly. 
     
    In the process of fixing our Riak storage, we disrupted some of our queues for SERP data processing. Given Moz's growth over the last six months and the number of SERPs processed in the Riak cluster, Roger can no longer recover from outages in a timely manner. In late 2011, we could recover the system in 3-8 hours and be caught up on data processing in a few days. This time around, it took us six days to get the system back up and another two weeks to catch up on the missing data and the inconsistent data states that resulted.
     

    Impacted services

    Riak stores our SERP data (rankings data), so all the systems that depend on it were impacted. The impacted systems include:
    • Custom reports
    • On-page reports
    • Historical rankings CSVs
    • Rankings
    • Keyword Difficulty & Full SERP Analysis reports

    Work completed to get things going again

    Our dev teams have been hard at work to restore all missing and inconsistent data post Riak malfunction. At a high-level, here's what we did to get Rankings and all its dependencies going again:
    • Created scripts to heal the different broken states of jobs
    • Added more nodes to speed up processing and help in future failures
    • Improved monitoring to get information about failures and performance bottlenecks
    • Improved performance in a multiple areas

    Future work

    It took the team 20 days to fully recover from the cascading problems that resulted from the original issue. We know that this timeframe is highly unacceptable, and we apologize for not being able to recover quicker. We are now in the process of ensuring that the same failures do not occur in the future and to lessen downtime in the event something like this does happen again. Work has begun on multiple improvements to help us reach our goals, including:
    • Improving health checks and threshold monitoring of Riak nodes and subsystem dependencies
    • Adding more Riak nodes
    • Beefing up queue and job execution monitoring and alarming
    • Creating a dependency matrix that indicates what’s impacted when something goes down
    • Improving fault tolerance in parts of the system
    • Providing additional excess service capacity 
    • Creating system operations documentation for dealing with emergency scenarios and how to recover

    So, what's the current ETA?

    Unfortunately, as you can probably tell, we have a lot of work to do to get Rankings back to 100%. We don't have an ETA quite yet. However, we hope to have a solid date in place by tomorrow and will update the post as soon as we know. Again, we apologize for the failure and any issues it has caused. We are working our butts off to ensure it doesn’t happen again!
     
    If you need an immediate alternative for rank-checking, try using the Rank Checker at SEOBook.
     
    For status updates on this issue, please check out our Rankings page on the Help Hub.
     

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