 |
| http://www.freddiemac.com/ |
Financial Market Update
This Week; there isn’t much in the way of key economic reports. Over the week-end French and Greek voters sent a strong message from their citizens and to Germany that the austerity jammed down the throats of people isn’t working. Both elections removed the leaders that were forcing what many see as draconian spending cuts in spending was too much too soon. The spending cuts have already brought down leaders in Spain, Italy, Portugal and now Greece and France. The initial; reaction to the elections over the weekend are pushing US rates lower and US stock indexes down.
This week has Treasury auctioning a total of $72B of notes and bonds with 3 yr, 10 yr and 30 yr auctions beginning on Tuesday. Last week key US tock indexes were down after the strong rally over the last six weeks. Many traders are thinking a large correction is overdue with recent economic reports on manufacturing and services sectors slowing. China and Europe also seeing a decline in growth. Europe is the prime suspect as its economy is falling deeper into recession with little reason to expect much improvement. Last Friday the 10 yr note broke what we saw as strong resistance when it fell below 1.90%, from a technical perspective the 10 yr now likely to move to 1.80%; mortgage rates are also expected to decline further. Interest rates are now at levels that since last September have not been able to sustain them. This time may be different, leaving the question of how low can US interests go?
TBWS
This week has Treasury auctioning a total of $72B of notes and bonds with 3 yr, 10 yr and 30 yr auctions beginning on Tuesday. Last week key US tock indexes were down after the strong rally over the last six weeks. Many traders are thinking a large correction is overdue with recent economic reports on manufacturing and services sectors slowing. China and Europe also seeing a decline in growth. Europe is the prime suspect as its economy is falling deeper into recession with little reason to expect much improvement. Last Friday the 10 yr note broke what we saw as strong resistance when it fell below 1.90%, from a technical perspective the 10 yr now likely to move to 1.80%; mortgage rates are also expected to decline further. Interest rates are now at levels that since last September have not been able to sustain them. This time may be different, leaving the question of how low can US interests go?
TBWS
Care More.
SethGodin.com - May 05, 2012
A simple antidote to a corporatized, unfeeling, profit-maximizing world
Care.
Care more than you need to, more often than expected, more completely than the other guy.
No one reports liking Steve Jobs very much, yet he was as embraced as any businessperson since Walt Disney. Because he cared. He cared deeply about what he was making and how it would be used. Of course, he didn't just care in a general, amorphous, whiny way, he cared and then actually delivered.
Politicians are held in astonishingly low esteem. Congress in particular is setting record lows, but it's an endemic problem. The reason? They consistently act as if they don't care. They don't care about their peers, certainly, and by their actions, apparently, they don't care about us.
Money first.
Many salespeople face a similar problem--perhaps because for years they've used a shallow version of caring as a marketing technique to boost their commissions. One report by the National Association of Realtors found that more than 90% of all homeowners are never again contacted by their real estate agent after the contracts for the home are signed. Why bother... there's no money in it, just the possibility of complaints. Well, the reason is obvious--you'd come by with cookies and intros to the neighbors if you cared.
Economists tell us that the reason to care is that it increases customer retention, profitability and brand value. For me, though, that's beside the point (and even counter to the real goal). Caring gives you a compass, a direction to head and most of all, a reason to do the work you do in the first place.
Care More.
It's only two words, but it's hard to think of a better mantra for the organization that is smart enough to understand the core underpinning of their business, as well as one in search of a reason for being. No need to get all tied up in subcycles of this leads to this which leads to that so therefore I care... Instead, there's the opportunity to follow the direct and difficult road of someone who truly cares about what's being made and who it is for.
A simple antidote to a corporatized, unfeeling, profit-maximizing world
Care.
Care more than you need to, more often than expected, more completely than the other guy.
No one reports liking Steve Jobs very much, yet he was as embraced as any businessperson since Walt Disney. Because he cared. He cared deeply about what he was making and how it would be used. Of course, he didn't just care in a general, amorphous, whiny way, he cared and then actually delivered.
Politicians are held in astonishingly low esteem. Congress in particular is setting record lows, but it's an endemic problem. The reason? They consistently act as if they don't care. They don't care about their peers, certainly, and by their actions, apparently, they don't care about us.
Money first.
Many salespeople face a similar problem--perhaps because for years they've used a shallow version of caring as a marketing technique to boost their commissions. One report by the National Association of Realtors found that more than 90% of all homeowners are never again contacted by their real estate agent after the contracts for the home are signed. Why bother... there's no money in it, just the possibility of complaints. Well, the reason is obvious--you'd come by with cookies and intros to the neighbors if you cared.
Economists tell us that the reason to care is that it increases customer retention, profitability and brand value. For me, though, that's beside the point (and even counter to the real goal). Caring gives you a compass, a direction to head and most of all, a reason to do the work you do in the first place.
Care More.
It's only two words, but it's hard to think of a better mantra for the organization that is smart enough to understand the core underpinning of their business, as well as one in search of a reason for being. No need to get all tied up in subcycles of this leads to this which leads to that so therefore I care... Instead, there's the opportunity to follow the direct and difficult road of someone who truly cares about what's being made and who it is for.
May 2012 San Diego Events
May 4
28th Annual Old Town Cinco de Mayo
Old Town comes alive with a celebration of art, culture, and history of the 1800’s. Ride in a horse drawn stagecoach, enjoy music, carnival rides and
games, car show, chalk art, riding and roping show, Mexican wrestling, and ...
|
Subscribe to:
Posts (Atom)