Wednesday, August 19, 2009
Tuesday, August 18, 2009
C.W. Copeland & Associates presents
Weekly Economic Update for the Week of August 17, 2009
Quote of the week. “We are happy when we are growing.” – William Butler Yeats
Fed: “economic activity is leveling out”. Does that sound mildly bullish? It doesn’t seem bearish. In addition to that pronouncement, last week’s Federal Reserve policy statement contained the opinion that inflation will be “subdued for some time” and said that the key interest rate will remain at “exceptionally low levels” for the near future. In another hopeful sign, it said it would end its emergency program to buy $300 billion worth of Treasuries in October.1
Surprise drop in confidence. Consumer confidence, that is. The August Reuters/University of
Friday reports raise hopes. Countering the consumer sentiment figures, we got better news at the end of last week. Industrial output rose 0.5% for July – the first increase in nine months. Consumer prices did not rise - the Consumer Price Index was flat for July, after gaining 0.7% in June. Consumer prices were down 2.1% from 2008 levels.3,4
Gold & oil wrap up week with losses. Oil futures settled at $67.51 on the NYMEX Friday, dropping $3.01 for the day. Gold ended the week with a $7.80 drop, closing at $948.70 per ounce.3
Retail sales retreat. They declined mildly for July, with Commerce Department data showing a 0.1% drop. Economists polled by Bloomberg News had expected a gain of 0.8%, mirroring the gain in June.5
4-week winning streak ends. Stocks had their first down week since mid-July, with the S&P 500 declining 0.63% last week to close at 1,004.09 Friday. The NASDAQ ended the week at 1,985.52, after a 0.74% weekly loss. The DJIA fell 0.52% to close at 9,321.40 Friday.6
(Source: CNNMoney.com, ustreas.gov, bls.gov, 8/14/09)7,8,9
Riddle of the week. Name six or more things that you can wear on your feet starting with the letter S.
Contact my office or see next week’s Update for the answer.
Last week’s riddle. What famed North American landmark is constantly moving lower and moving backward?
Last week's riddle answer:
and we will contact them and ask for their permission to be added.
Sunday, August 16, 2009
Sunday, August 2, 2009
Many people of late have asked what is your secret – the truth is there is not one a secret. There are steps anyone can take if they are willing to commit. While this is not all inclusive this list can make a different between making positive forward progress
- Loyalty – you must be committed to the success and positive progress of those you associate with
- Honesty - And this above all unto thine own self be true and it shall follow as the day the night - thou can'st not then be false to any man.
- Customer/Client/Follower focus – give you customer what they are asking for not what you want to sell them based on what you have – seek to exceed their expectation by thinking strategically and planning long term taking into account things and situations they may not have considered at the time. By placing their success over your personal profit both can do well. Most importantly listen to what they are saying do not focus on what you want to hear.
- Solution focused – anyone can criticize or find reasons why things will not work – be the person who finds the unique solutions that allow for creative and inventive solution
- Knowledgeable – ignorance is not bliss, stupidity is not a placid place or ultimate peace – however neither is arrogance. Seek to confident in what you know while being honest to admit and work on the areas where you are unsure – commit to constant life long learning
- Willingness to learn/Grow/Change
- Humility – understanding that you are not self contained your success and failure are due to how others regard you personally and professionally – there is no such thing as a separate personal and professional life – they are all connected
- Consistency – make sure you are consistent and dependable (I did not say perfect – we all make mistakes) but be known as someone who goes out of their way to keep commitments
Feel free to add any other pointers or tops that you think will assist people in either improving their social media presences, business and or customer service success