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You can pretty easily find people who will work with you or for you or advise you if you tell them what you want to do, if you are the person who says, "let's go."
It turns out that finding the employee/partner/consultant who says, "this is what we should do, follow me," is rare and precious. More valuable than just about anything that's printed on a resume.
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Mish's Global Economic Trend Analysis |
Labor Force, Employment, and Population April 2008 vs. April 2014 Posted: 18 May 2014 10:19 PM PDT I have two sets of interesting charts from reader Tim Wallace on labor force, population, and employment. This post shows the first set, a comparison of April 2008 to April 2014. Click on any chart to see a sharper image. Age 16-24 Stats Since April 2008, the population in age group 16-24 rose by 3.6% but the labor force declined by 4.2%, and employment fell by 5.9%. Age 25-54 Stats Since April 2008, the population in age group 25-54 declined 0.8%, but the labor force declined 3.6%, and employment declined 4.6%. Age 55-64 Stats There are significant surges in Population, Labor Force and Employed in the 55-64 age group. Most employment growth is here. However, employment did not come close to keeping up with growth in population. Age 65+ Stats Although the Population growth is high, the rate of growth for employment and for those in the labor force is much higher. More older people are staying working than retiring as in the past. Synopsis The above charts post a rather dim view of the recovery since the start of the recession. In the core age 25-54 age group, the population is down 1,053,000 but employment is down a whopping 4,614,000. Thus, in the 25-54 age group, roughly 3,561,000 people are not working who should be working. The figure is higher if you include other age groups. Clearly things are not close to normal. In a subsequent post we will take a look at the last two years (April 2012 vs. April 2014). 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. |
Rise of the Eurosceptics; Unholy Alliance Scorecard Posted: 18 May 2014 09:18 AM PDT Eurosceptics are on the rise in the UK, Italy, France, Finland, and even Germany. The problem is they have no united voice. Here are a couple of recent articles that discuss the situation. The National Post reports Europhobes gain clout: Xenophobic, right-wing and anti-EU parties catch on as elections near Mr. Farage, leader of the United Kingdom Independence Party (UKIP), sips his pint of beer with the smile of a man on track to win the biggest share of British votes in elections this month for the European Parliament — a parliament Mr. Farage wants to abolish, along with the entire 28-nation European Union bloc.Germany's Youth Rebels Against EU The BBC reports Germany's Youth Rebels Against EU Euroscepticism is taking hold even in the country at the heart of the European project. And one of the continent's chief Eurosceptics, British politician Nigel Farage, has become an idol to some young Germans - to the consternation of many others.Unholy Alliance Scorecard
What Does it Mean? The next European parliament will be the most fragmented ever. Don't expect it to accomplish much of anything. On the other hand, look for center-left and center-right blocs to align, if only for the purpose of stopping the fragmented groups of Eurosceptics from achieving any real power. Meanwhile, absolutely nothing in the EU has been fixed or will be fixed. At some point, this simmering stew will boil over in a major way. Yet, UK prime minister David Cameron insists he will be able to get EU treaty changes passed for the benefit of Great Britain. It's absurd, and he likely knows it. 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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Wouldn't it be nice if your work stood on its own?
That design, that bit of writing, that piece of craft--what if what you did was judged solely on the merits, if the people engaging with your work saw it for precisely what it was...
Or consider the doctor, able to heal people merely by providing precisely the right treatment on just the right day.
Or the lawyer, winning the case because she presented the most cogent, rational argument.
Doesn't work that way.
The crowd likes the songs from the singer they came to hear, not the unknown opening act. The patient responds to medicine when he believes in the doctor who prescribes it. The client is far more likely to applaud your work if he's already put down a big, non-refundable deposit.
A huge part of making our work more effective is creating the environment where we will be given the benefit of the doubt. Often, creating this environment is at least as important as the work itself.
The benefit to both sides is huge. Doubt is the project killer, and investing in diminishing that doubt is time well spent.
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New App Offers Stock Trades for $0 Commission; End of $7 to $10 Trades at E*trade and Schwab? Posted: 17 May 2014 10:09 AM PDT Many companies claim to be discount brokers. But there is no definition of the term. Charles Schwab was a pioneer in discount trading, but other online trading firms offer lower prices. The ultimate in low-commission trading is $0 per trade, and that model is about to hit the street. "Robinhood", a new app in the works has a huge waiting list precisely because it offers trade commissions for noting. CNN Money reportsTrading App has 340,000 Person Wait List. The legendary archer of Sherwood Forest is taking aim at the stock market. Robinhood is a new trading app that promises users free trades and no account minimums.Video How Does Robinhood Make Money? CNN offered this explanation: "The company's business model is to make money on margin trading, interest on cash deposits and payment for order flow, a fancy way of saying making money by trading faster or slower than others." Purposely trading faster or slower and stripping out the difference is not legal. With interest rates near zero, making a lot of money on cash deposits will not be easy unless the company takes some risks. E*trade nearly blew up making questionable investments. The Robinhood website makes this more reasonable-sounding claim: "Robinhood will offer margin trading as well as API access, which will allow partnered developers to build applications in conjunction with Robinhood. Robinhood will also receive remuneration for providing trade volume in certain markets. In the future, we plan to offer premium services for active investors." The Catch? I don't see one. But don't expect service at Robinhood to be the same as service at Schwab or Merrill Lynch. If you need hand-holding, advice, or insist on paper-mailed statements, you may be better off elsewhere. Those who trade frequently will be among those who benefit the most. And ultimately, this will cost Schwab, E*Trade, Scottrade and others some business. In response, commissions will drop everywhere, even if not to zero. Increased competition always leads to lower costs. And that is a good thing. 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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Do extremely difficult work.
That seems obvious, right? If you do something that's valued but scarce because it's difficult, you're more likely to be in demand and to be compensated fairly for what you do.
The implication is stunning, though: When designing a project or developing a skill, seek out the most difficult parts to master and contribute. If it's easy, it's not for you.
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