People know that Jacks of All Trades are Masters of
None, and people seek out Masters. They trust specialists. Try to appeal to
thousands, and you will appeal strongly to no one.
Harry Beckwith
Focusing is about saying No
Yesterday ECB cut rates & announced a QE program (ECB
is going to buy ABS & CB’s*). The size is data dependent (ECB is going to
buy ABS & CB’s). ECB has already engineered a substantial fall in Sovereign
yields and now is weakening the euro. What is the impact.
I guess people who have savings/deposits are going to
make zero & spend less & less
Inflation will go up a bit because the Euro is weaker
Companies will benefit because the funding is low
& euro is weakening
Stock market should go higher (European Financials)
Is this going to revive the European Economy? I doubt
only the weaker euro would help. Let's see how low the Euro can go.
The problem of the world is lack of demand. How to
solve this problem? The ECB should give a check of 1000 euros for each European
over 65 years a month. This would cost 100 million people over 65 * 1000 = 100 billion a month or 1,2 trillion a year
how did the ECB funded this? Print
why only people above 65? To not mess with the labour market. Until 65 you have to work to live.
More about this:
http://thoughtmeme.blogspot.pt/2013/11/pay-people-for-being-alive.html
*The Idea of a QE program is the person who sells their ABS to the European Central Bank gets some money and have to figure out what to do with the money. They might spend it or loan it eventually the money starts to move.
"It's the coolest thing," said Mr. Hancock, the insurer's incoming CEO, of the $350 racket. "It tells you exactly how many forehands, backhands you hit, where on the strings you hit the ball, how many were top spins…" He called it "just one tiny example of the kinds of things [technology] can measure now."...................................
Already, Mr. Hancock has a "chief science officer," a position he added in 2012 to the property-casualty unit as part of his effort to focus on science-driven decisions about strategy. The science team numbers about 130, many of them Ph.D.s.
2.Get nicer, invest in Psychology. Be of service.
All things being equal, people will do business with a friend; all things being unequal, people will still do business with a friend.
If people have something to lose they reject communism, only the poor will vote for that. In the last 50 years more & more people have something to lose. Commerce & growth have brought prosperity to millions of people.
Only the isolated countries (Cuba & North Korea) are still very poor.
The way to make Russia think twice about invading Ukraine might be to isolate them. It could have a cost but the west can afford it. If they don't want to play in the Capitalist game it's ok. Cuba & North Korea is a nice destination.
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