Just as we were having a little fun with the Zimbabwe currency quagmire – they were running out of the paper required to print money – and prepared to report on their official 2.2 million percent inflation rate – yes, you read that correctly – which some independent economists say is closer to 12.5 million percent, they go and wreck all of the fun!
Effective Friday, they’ve dropped the last ten 0’s from the currency. (more…)
I don't know about you but I'm pretty tired of the one-sided, "the sky is falling approach of journalists" filling the front pages with dastardly economic news. Since we all know that economists have correctly predicted 13 out of the last 4 recessions, it's painful to watch unqualified journalists recording…
A colleague recently passed along a handy reference chart which summarizes - and generalizes - the generational groups we hear about all the time - the Traditionalists, Baby Boomers, Generation X and Generation Y. It won't fit everyone perfectly but it's good reference point. (It's not readable below, but if…
I've given up. I can no longer resist including a thread entitled "Is this a Great Country or What!" because there is just too much material to pass up. One of my latest faves is the New York scalpers selling tickets for $750 on eBay to attend Jon Bon Jovi's…
You mean $5 Billion? Yes, if you live in Zimbabwe, that's about the value of an American dime. You know the old saw about "if you're out of checks, you're out of money" - no, I'm not talking about your spouse's money laundering skills – but in Zimbabwe, they're not…
In my column running today in the July 14 edition of the North Bay Business Journal entitled Sound Cash Management 'cheapest investor you'll ever find, I referred to a graphic that better explains the Sales Cycle or Operating Cash Cycle. You can click on it, below, to enlarge it and…
The NY Times recently published an article entitled “If You’re Open to Growth, You Tend to Grow“, a summary of research completed by Stanford psychologist Carol Dweck and published in her book, Mindset: The New Psychology of Success. Her mission was to try to better understand why certain people achieve their business potential while others fall short.
After thirty years of careful research, she concluded (more…)
The NY Times recently carried an article that defines conventional wisdom - and illustrates how gas, fuel and other energy costs have been much higher as a share of personal consumption expenditures than they are now. Who knew?
In 1886, Keokuk, Iowa celebrated Independence Day with a parade and the usual festivities. Samuel Clemens (better known to most as Mark Twain) was present and was asked to say a few words during the celebration, which he did, mixed with the laughter of the citizenry who hung on his every word:
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