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Persistent Overoptimism Three Ways: Truckers, Fed Economists, Manufacturers

MishTalk

“My personal belief is the trucking industry needs to realize production of goods will have ups and downs,” Satish Jindel, principal of SJ Consulting , which closely tracks industry pricing, told Logistics Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

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Kodak’s Downfall Wasn’t About Technology

Harvard Business

Sasson himself told The New York Times that management’s response to his digital camera was “that’s cute – but don’t tell anyone about it.” Before Mark Zuckerberg wrote a line of Facebook’s code, Kodak made a prescient purchase, acquiring a photo sharing site called Ofoto in 2001.

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Why GE’s Jeff Immelt Lost His Job: Disruption and Activist Investors

Harvard Business

Over a period of years, every GE senior manager would learn the lean startup methodology, and GE would be the showcase for how modern companies use entrepreneurial management to transform culture and drive long-term growth. But first they need to get management of a company to change the existing strategy. Then it wasn’t.

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Mish's Global Economic Trend Analysis: Ritholtz on Gold and on.

MishTalk

It’s very easy for a confident-sounding analyst, fund manager or professor to say something on TV that can throw off the best laid plans of investors. Barring some new developments — like all the gold in Fort Knox becoming irradiated — I do not expect to see a resumption of the 2001-11 uptrend. Consult your.

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Shockingly Bad Fiscal Health of Chicago (and the Financial Engineering Chicago Uses to Hide that Fact)

MishTalk

Rank-and-file officers rejected a city contract offer in 2001, but an arbitrator ruled in favor of the city’s wage proposal a year later. It is not a balance sheet test, but a cash flow test. Mike "Mish" Shedlock [link] Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management.

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Fed Study Shows "Persistent Fed Overoptimism about Economic Growth"; What Will They Do About It?

MishTalk

Possible explanations for this pattern include missed warning signals about the buildup of imbalances before the crisis, overestimation of the efficacy of monetary policy following a balance-sheet recession, and the natural tendency of forecasters to extrapolate from recent data. This is a general statement.

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