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vineri, 31 mai 2013
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Seth's Blog : Hoarding information
Hoarding information
If your project or organization depends on knowing things that other people don't know (but could find out if they wanted to), your days are probably numbered. Ask a travel agent.
Agents and brokers of any kind, in fact. Anyone who thrives when people are in the dark is in ever more danger of working in the bright light of transparent information.
Pretending that you offer the lowest price on a commodity, for example, is a lot more difficult when anyone who cares about the price can easily look it up. Fighting to keep the content of your course a secret, to pick another example, isn't sufficient when a similar course is available online. The minute real estate listings went online was the minute that it was no longer sufficient that a real estate broker merely had information about real estate listings...
Information is in a hurry to flow, and if someone comes up with a better, more direct, faster and cheaper way for information to get from one place to another, they will eliminate your reason for being.
The alternative, while difficult, is obvious: provide enough non-commodity service and customization that it doesn't matter if the ideas spread. In fact, it will help you when they do.
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joi, 30 mai 2013
Mish's Global Economic Trend Analysis
Mish's Global Economic Trend Analysis |
Posted: 30 May 2013 11:03 AM PDT The simmering feud between France and Germany erupted into a heated political exchange following Pressure on Hollande to take bold action to revive the French economy, calling for new pension and labour market reforms. "The commission's list of recommendations for Paris, which it expects to be delivered in return for allowing France two extra years to meet its budget deficit targets, covered all the hard issues the socialist government faces: cutting public spending; restoring badly diminished competitiveness, opening up restricted markets, reforming the tax regime and loosening tight labour market regulations." France Tells Brussels to Shove It The exchange got quite interesting when Merkel Allies Bashed Hollande Over Needed Reforms Leading members of Angela Merkel's ruling Christian Democratic Union in Germany have fiercely criticised François Hollande, accusing the French president of "shaking the foundations of the European Union", only hours before the two leaders met in Paris in a bid to repair their troubled relations.Reflections on the Obvious Somehow it is OK for France to stipulate conditions on Greece, on Ireland, on Cyprus, on Portugal, and on Spain but not be told what to do itself. Yes it is "obvious" what to do.
Jobless Claims at New Record High The problem is Hollande cannot see the obvious. Meanwhile, inquiring minds note French jobless claims hit new record in April. The number of people out of work in France hit a record high in April, the daily Les Echos said on Thursday, casting more doubt on President Francois Hollande's pledge to reverse a long-running rise in unemployment."Obviously Obvious" The odds of a major economic recovery in France in 2013 with socialists in control are essentially zero, and subsidizing jobs is the wrong approach in the first place. Both of those statements are "obviously obvious", except to socialist fools and Keynesian clowns. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
EU Requires Spain to Raise Vat Posted: 30 May 2013 02:27 AM PDT The last thing a country in recession should do is raise taxes. Well, Spain is in a depression, not a recession yet the EU requires Spain to raise the VAT and lower pension benefits within a year. One year. That is the time that the government has to undertake major reforms. The European Commission has published today the document with recommendations to the European Council on the National Reform Plan. Includes advice on pensions, taxes, government spending, administrative reform, etc.. There is virtually nothing that Brussels (and the governments of EU members) does not create the need to change, accelerate or deepen.The above snip did not do full justice to the idiocy of the latest Brussels demands. The only thing I support is pension reform. Tax hikes will do nothing but cause another plunge in revenues and another rise in unemployment. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
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