Shakespeare said, “[a]ll the world’s a stage.” All of us are actors in the plays of our lives.
The best actors make us believe they are not acting by morphing into whatever role they play with the totality of their humanity. The worst ones are not very believable.
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Maybe it’s because we just had a Friday the 13th or because my home was one of the houses that had to be evacuated in the recent Orange County fires (fortunately it was not damaged) or perhaps because I recently saw an ex-CIA lawyer and analyst speaking about how successful the Russians were in subverting our democracy during the 2016 elections and how at risk we are to cyber attacks from Russia,
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My wife was telling me about a woman interviewed by CBS news in the aftermath of the Las Vegas massacre and what she shared was incredibly moving. She truly did a heroic thing in staying with a young man while he was dying and being there for him in the face of great danger.
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A few weeks ago I wrote about a B.I.S. report that hypothesized that global interest rates would rise over the next few decades as global demographics shift from a labor supply shock to a shortage as labor forces shrink in many developed countries.
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Some people are big proponents of setting big, audacious goals. Dream big because if you don’t then you will just get the same old ordinary results as everyone else. The reality is, however, that most people are just like everyone else. And there is nothing wrong with that.
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When I used to watch my son’s high school basketball team I was always so impressed at how composed they were. Many times they would initially fall behind and the other teams would get so pumped up after getting off to a strong start, especially against such a good team as ours.
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It was quite a week of action for CWS, particularly for our risk management, safety, construction, operations, asset management, human resources, marketing, and maintenance teams. We have been having very early calls (at least for me on the west coast) every morning, including over the Labor Day weekend,
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With the extraordinary events that took place in Houston, southeast Texas, and Louisiana as a result of Hurricane Harvey I felt that it was much more relevant to discuss this catastrophe versus part two of demographics and interest rates emphasizing Japan.
Houston: Hurricane Harvey
An estimated 27 trillion gallons of water has blanketed southeast Texas and parts of Louisiana.
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One of the key premises that I have with regard to interests rates staying low for a very long time relates to demographics. The United States is projected to grow more slowly in the future and as a result the labor force growth will also slow which will make the productive capacity of the country lower than it otherwise would be absent material gains in productivity.
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Whenever there are significant events that take place, particularly those with some historical context, I like to take a step back and, if possible, go back in time and find real-time sources to generate a better understanding of what people were thinking at the time. The terrible events in Charlottesville was a catalyst for me to take this approach.
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