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Buckle up and get ready for volatility - economic info really gets interesting now:
Bottom Line: My advice during the shutdown was to stay the course with your investment plans, resisting the temptation to alter your long term focus in reaction to the DC noise. Thankfully that would have served you well. But what now?
The real volatility in the financial markets could be coming over the next week or so. Here’s what we can expect:
So the focus in the financial market will be back on actual business for awhile and the flow of data will be fast and furious for the rest of the month.
If you do this one thing well you'll be more successful than most people and businesses:
Bottom Line: Become an effective communicator. Bonitasoft produces business management software and they surveyed nearly 200 business professionals to identify the biggest obstacles they face in the work place. The most common answer was… Poor communication.
All of the effort we put into improving ourselves and our business can all be undone or at least muted by not being a very good communicator with those we work with or rely on in business. So if you work to improve just that one thing you’ll be ahead of most people and most businesses and will likely be more successful as a result.
Choose wisely - compulsive spending is far more common than you may think:
Bottom Line: If you’re in a room with nine other people, someone in that room is a physiologically compulsive spender. Those were the findings of
We’re all familiar with the term “shopaholic” but it’s a real condition in which those who truly are psychologically addicted to spending do get short term highs through spending. Not surprisingly the most common characteristic of people who are addicted to spending is that they are materialistic. But it’s not always as easy to spot as you may think. Especially for younger people.
Often shopaholics spend up to their limits to be able to do so. That means it’s easy for younger couples to find out the hard way. It’s not uncommon for a 20 something to spend whatever cash they have on hand and to max out a credit card. But what happens once a couple enters the real world with real income and greater resources to spend? That’s where the real trouble not only for them but you can occur. Often shopaholics go unspotted by their partners until it’s too late. The other unsuspecting person could be a divorcee on the rebound. If you have greater means than the new person you’re getting involved with be careful to evaluate their spending habits. If they spend everything they have, will they do the same to you once they have access to your resources as well?
Are you a terrible boss? Or are you working for one?:
Bottom Line: Vicky Oliver is the author of “Bad Bosses, Crazy Coworkers & Other Office Idiots”. The title of the book is intriguing enough but she does have some interesting observations about the traits of bad bosses. Among them:
So this can be a moment of self-reflection if you’re in management. Are you guilty of any of these? Do you work for this person? If you work for this person the odds are they won’t change, so maybe that’s when you need to make a change.
Did the Grinch (Government) steal Christmas? NRF on impact of DC on holiday spending:
Bottom Line: The National Retail Federation has been surveying to see what the impact of the Government standoff was on consumers. Turns out… It was a lot.
The NRF says that 29% of consumers now plan to spend less during the holidays as a result of the political standoff. The impact would be that the NRF expectation that holiday shopping sales would grow 3.9% this year would now be just 1.9%.
I tend to think that people will soon realize that nothing actually changed for them and resume habits as usual. That being said I still think the NRF’s forecast of 3.9% growth is still way too high.
Sending money is now as easy as sending an email:
Bottom Line: Long gone are the days where you had to stand in line and pay
Netflix reaches production deal with Sony:
Bottom Line: It would have been very easy for Netflix to have been a flash in the pan company. Perfect the
Netflix has inked a deal with one of the leading production houses, Sony pictures, on a new series for next year that’s being identified as a physiological thriller. Netflix is rapidly laying the groundwork to become the most relevant name in TV and movie entertainment.