Find your Leadership Style

Find your Leadership Style

As a leader, have you ever had a team member approach you and share these words? “I have no idea what I am supposed to be doing?” Any ideas as to how this happens? And if it happens with one person on the team, could it happen in an entire department?

No one at work is immune to "falling into the void" created when leadership teams fail to create clear, relevant, and engaging initiatives to drive the actions of people on their teams. Annual Strategic Initiatives drive results, and when leaders, who understand how to create them, collaborate with their team in developing them, things get done.

When the people on a team have key initiatives they can follow, they carry an unmistakable understanding of the company’s vision, everyone is on-board with what is expected of them. They care about the company and how it performs. Except for when senior leadership stands in the way of letting their key department heads or leaders do their jobs.

In any organization, it’s important that we always work toward creating good leadership, and good leaders should be trusted to do the critical work necessary to help their people succeed. This would include developing key initiatives at a departmental level. If your people have no idea what they’re supposed to be doing, then it’s highly likely, there are no initiatives being assigned to drive their performance.

As a senior leader, “how do you feel about your department heads creating key initiatives on their own?" If you don’t feel good about doing this, you either have the wrong people in key positions or have failed to paint enough of an accurate picture to allow them to do their job. In either case, you create an environment where people become afraid to do anything without it first being blessed by someone above them first. This causes gridlock, paralysis, or getting stuck.

This is another example of what stunts our ability to execute strategy successfully.

We lack the ability to effectively translate our annual strategic objectives throughout the organization. As a result, people from middle to management to the frontline team don’t get the message, "they don't know what they are supposed to be doing."

They lack what they need to do at their level to support departmental initiatives. Initiatives that drive overall company objectives. Do you trust your leaders to lead?

#ceos #leadership #initiatives #execution

Consumer Price Index (CPI) for September 2022

Consumer Price Index (CPI) for September 2022

The US Bureau of Labor Statistics will release the Consumer Price Index (CPI) data for September on Thursday, October 13 at 8:30 pm Ph time.

On a monthly basis, the CPI is expected to rise by 0.2%. The Core CPI, which excludes volatile food and energy prices, is expected to have risen by 0.5% last month, which is below August's 0.6% read. Headline is expected at 8.1% year-on-year vs. 8.3% in August, while core is expected at 6.5% YoY vs. 6.3% in August.

What is the Consumer Price Index (CPI) FPG Fortune Prime Global RichDadph

The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels.

Inflation tracked through CPI looks specifically at purchasing power and the rise of prices of goods and services in an economy, which can be used to influence a nation’s monetary policy.

CPI is calculated by averaging price changes for each item in a predetermined basket of consumer goods, including food, energy, and also services such as medical care.

It is a useful indicator for forex traders due to its aforementioned effect on monetary policy and, in turn, interest rates, which have a direct impact on currency strength. The full utility of knowing how to interpret CPI as a forex trader will be explored below.

What is the Consumer Price Index (CPI) FPG Fortune Prime Global RichDadph

#Inflation  #CoreCPI  #FortuneTrader  #FPGph 

IMF Cuts Global Growth Forecast as 'the Worst Is Yet to Come'

IMF Cuts Global Growth Forecast as 'the Worst Is Yet to Come'

The IMF has revised its estimates of global GDP growth from 3.2% this year to 2.7% in 2023, a 0.2% point reduction from the prediction made in July. According to the IMF, "2023 will feel like a recession" to many people since more than a third of the global economy is predicted to contract this year or next, and "the worst is yet to come."

Google selects Coinbase to take cloud payments with cryptocurrencies and will use its custody tool

A limited number of users will be able to pay for Google's cloud services using digital currencies according to a new agreement the company announced with Coinbase. 

The internet giant is to investigate using Coinbase Prime, a custodial service for holding and trading cryptocurrency, according to CNBC. 

In return, Coinbase announced that it will move some of its data-related applications, which were initially stored using Amazon Web Services, over to Google Cloud.

Energy Stocks continue to significantly disconnect from the rest of the market. 

Let’s not forget:

- At 11% FCF yield, the overall sector remains cheap;

- It remains a low weight in main benchmarks and is underinvested by most fund managers;

- Yes it is not ESG friendly but many oil majors are now becoming more responsible and are investing into renewables (+ you still need fuel in your tank).

Source chart: Tavi Costa, Crescat Capital, Bloomberg

China PPI vs. US PPI 

If China is requested to aid in lowering Western inflation I suppose the stake they ask is: please USA give up with your idea of deglobalization. Win-win on the short term.

Source: Allianz Research
How to Do Your Best Work + Have a Life by Sally Thornton

How to Do Your Best Work + Have a Life by Sally Thornton

Compared to a century ago, we live an additional 30 years on average. But the longevity and working habits of the past are still supported by our culture.

What was the “old model”?

❌ The first 20+ years of our lives are almost entirely for education

❌ The following (approximately) 40 years are solid, dedicated work

❌ If we're lucky, when we retire, we'll have 15 to 20 years of leisure.

💡 According to Dr. Carstensen from the Stanford Center for Longevity, we need to reimagine a more “blended” future in which work, leisure, and education weave together throughout life.

✨ Generating creative ideas requires rest and leisure, and ongoing education is critical to staying relevant in our fast-changing economy.

The new model also offers a more thoughtful, more sustainable, and enjoyable way of living 🌱

Studying and working are no longer two different realities. I firmly believe it is essential that also, at work, we always learn something new every week and find ways to have fun.

For learning by doing to work, you need to lay some initial groundwork. Recent studies have demonstrated the effectiveness of active learning when it occurs at the appropriate stage of the learning process. Why does this matter? It's crucial to stress the fact that learning is a process right away. Learning is cumulative, and if learning by doing starts too soon, people get overloaded. They do not develop.
It is easier to see why learning by doing can't start too early when you are aware of the "limitations" of short-term memory. To learn, we must divide information and abilities into manageable chunks and concentrate on specific areas of proficiency.
After becoming somewhat familiar with the subject, learning via doing is used. It works because the method requires you to actively participate and gradually build up your own expertise.
When it comes to staff training, businesses are increasingly adopting learning by doing, a more action-oriented style. It is based on the application of the work done in order to encourage employee engagement, motivation, and participation, as well as idea exchange in workgroups and the creation of a fair self-evaluation.
Learning environments have altered, favoring practice over theory, digital media over traditional communication, and online training over classroom instruction. Learning by doing is presenting itself as an emerging trend in the field of training in this environment of perpetual change. This approach is gaining popularity among firms looking to enhance workplace training because to its capacity to foster fundamental abilities including decision-making, teamwork, and leadership.
NFP Preview: Forecasts from eight major banks, employment growth still strong

NFP Preview: Forecasts from eight major banks, employment growth still strong

The US Bureau of Labor Statistics (BLS) will release the August jobs report on Friday, September 2 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of eight major banks regarding the upcoming employment data.

Expectations are for a 300K rise in Nonfarm Payrolls following the 528K increase in July. Meanwhile, the Unemployment Rate is expected to remain steady at 3.5%.


“We expect job growth in August to be lower than in July, but still in the range of previous months at a still high 375K and the unemployment rate to remain at just 3.5%. The labor market would thus remain tight, signaling to the Fed that further significant rate hikes are necessary to curb inflation.”


“Come August, we again expect a materially softer outcome for nonfarm payrolls (250K), while recognising that risks remain to the upside. For the next few months, the unemployment rate can hold around 3.5%; but from the end of the year, it is likely to begin to trend higher as employment growth slows and participation rises as households seek relief from the loss of real spending capacity.”


“A 250K would still be very respectable and will certainly keep the Fed in hiking mode. With the unemployment rate set to remain at 3.5% and wages continuing to push higher we favour a 50 bps hike on 21 September rather than 75 bps. However, should the economy add substantially more jobs, say 350K+, and the wage number posts a second consecutive 0.5% month-on-month increase, or higher, then it could swing the argument in favour of 75 bps.”


“We expect the series to have continued to advance strongly in August (370K), but at a more moderate pace following the eye-popping 528K increase registered in July, which was a five-month high. We look for the solid gain in employment to also be reflected in another decline in the unemployment rate to 3.4% (second consecutive one-tenth decline). We are assuming an improvement in the participation rate to 62.2% after falling to 62.1% in July. We are also looking for wage growth to slow modestly to a still robust 0.4% MoM after registering an unexpected 0.5% jump last month. The MoM leap should result in a one-tenth increase in the YoY measure to 5.3% in August.”


“We project a 300K increase for August non-farm jobs. A gain near our forecast of 300K implies either a return of workers back into the workforce or further declines in the unemployment rate. We look for the unemployment rate to hold steady at 3.5%. The return of workers should lift the labor force participation rate from the 62.1 level posted for July.”


“Payroll growth may have come down to just 75K. The household survey is expected to show a stronger gain, a development which could leave the unemployment rate unchanged at 3.5%, assuming the participation rate increased one tick to 62.2%.”


“After a stellar performance in July, the US labor market is poised for a slowdown in August, in line with the cooling in interest-sensitive sectors. The likely creation of 250K jobs would still be a healthy print, however, and that could leave the unemployment rate at a tight 3.5%, assuming some increase in labor force participation. We expect hiring to slow ahead as higher interest rates weigh on activity, something that is a precursor for the Fed to slow the pace of rate hikes. Market impact. We’re below the consensus which could be negative for the USD and see bond yields fall.”


“Following a significant upside surprise to nonfarm payrolls in July, we expect a more moderate increase of 305K in August, with mostly balanced risks. Overall, the trend of job growth is likely to slow into the end of the year and 2023 as demand for labor moderates. We expects a 0.4% MoM increase in average hourly earnings in August, a modestly softer increase than in July and the base case is for the unemployment rate to fall further to 3.4% in August after a decline in July to 3.5%.”

President Biden has his lowest support rating since taking office as more Democrats sour on him

President Biden has his lowest support rating since taking office as more Democrats sour on him

According to the most recent NPR/PBS NewsHour/Marist survey, President Biden has his lowest support rating since taking office, and Democrats are primarily to blame.

Currently, 36% of respondents in the poll approve of Biden. In the data, a 9-point loss inside his own party is to blame for the 4 percentage-point decline from June.

Even while 75% of Democrats support Biden's efforts, that number is deemed low for a president's own party. According to a survey conducted last month, 84 percent of Democrats said they agreed with Biden's job performance.

Republicans and independents support Biden's leadership significantly less; only 5% of Republicans and 28% of independents do so. They are the same as they were a month ago.

For context, Donald Trump's approval within his party when he was president was never that low in the poll, not even after the Jan. 6 insurrection (77%) or the Charlottesville, Va., white supremacist demonstration (76%), at which one person was killed — and whose participants Trump dismissed as "very fine people, on both sides."

In this survey, four times as many respondents said they strongly disapprove of the job Biden is doing than approve — 43% to 11%. And only 30% of Democrats said they strongly approve of the job the president is doing.

Biden has continually faced a lack of enthusiasm among his base. He was never progressives' preferred choice for president, but many held their nose to vote for him against Trump.

That was certainly true for younger voters. In 2020, voters 45 and younger went for Biden by a 56%-42% margin, according to exit polls. But in this survey, 63% say they disapprove of the job Biden is doing. Just 30% approve, compared with 40% of those 45 and older.

Younger voters are also among the least enthusiastic about Biden — just 5% say they strongly approve of the job he's doing, on par with whites without college degrees and white evangelical Christians, reliably Republican voters.

In his run for the White House, Biden promised progressives the political equivalent of the moon, but he has run into the realities of governing.

Many progressives, angry at the conservative lurch in the country due to recent Supreme Court decisions on guns and abortion, say they think Biden simply hasn't acted boldly enough to fight for their initiatives.

Biden's cratered approval numbers are a bad sign for Democrats in this midterm election year. The party in power traditionally faces headwinds in a president's first midterm, and when its president's approval rating is this low, that can spell even more trouble.
US Economics probe XAU/USD Bears

US Economics probe XAU/USD Bears

Gold Price technical outlook

Gold Price extends bounce off an upward sloping support line from March 2021. That said, the corrective pullback from the yearly low also takes clues from the oversold RSI (14) to direct XAU/USD buyers towards a horizontal area comprising multiple levels marked since early 2021, surrounding $1,721-22.

It’s worth noting, however, that the 78.6/% Fibonacci retracement of March 2021-22 upside, near $1,760, could test the metal’s upside past $1,722, a break of which could quickly propel Gold Price to May’s low near $1,787.

On the contrary, the aforementioned support line from March 2021 joins oversold RSI (14) to restrict short-term XAUUSD declines around $1,709. Also acting as a downside filter is the $1,700 threshold.

In a case where Gold Price remains weak past $1,700, the odds of witnessing a south-run towards early 2021 bottom of $1,676 can’t be ruled out.

US economics also probe XAUUSD bears

Friday’s mostly downbeat prints of the US economics helped strengthen concerns that the market expectations of a 100 bps Fed rate hike aren’t well-suited amid impending recession fears. The Index of Consumer Expectations declined to its lowest level since May 1980 at 47.3. The downbeat figures also joined a 0.20% contraction by the US Industrial Production for June to favor XAUUSD buyers. However, US Retail Sales for June grew 1.0% MoM versus 0.8% expected and -0.1% prior (revised from -0.3%) whereas the University of Michigan's Consumer Confidence Index edged higher to 51.5 in July's flash estimate, versus 49.9 expected and 50.0 prior.

Fed policymakers intervened to cool down market expectations of a 1.0% rate hike on Friday, which in turn helped the Gold Price to defend the yearly low marked on Thursday, not to forget positing a rebound from the key support line on a closing basis.

Atlanta Fed President Raphael Bostic said on Friday that June's 75 basis points rate hike was a "big move" and added that the Fed wants policy transition to be orderly, as reported by Reuters. On the other hand, San Francisco Fed President Mary Daly said on Friday that the "Fed is working on getting down inflation without stalling economy." Further, St. Louis Federal Reserve Bank President James Bullard sounded neutral as he said, per Reuters, on Friday that it wouldn't make too much of a difference to do a 100 basis points (bps) or a 75 bps rate hike at the next meeting. In this regard, Wall Street Journal’s (WSJ) Nick Timiraos also came out with a piece that turned down the market’s expectations of a 1.0% Fed rate hike.

For the first time in 20 years, the value of the euro and the US dollar are equal.

For the first time in 20 years, the value of the euro and the US dollar are equal.

New York (CNN Business) For the first time in 20 years, the exchange rate between the euro (EUU) and the US dollar has reached parity -- meaning the two currencies are worth the same.

The euro hit $1 on Tuesday, down about 12% since the start of the year. Fears of recession on the continent abound, stoked by high inflation and energy supply uncertainty caused by Russia's invasion of Ukraine.

The European Union, which received roughly 40% of its gas through Russian pipelines before the war, is attempting to reduce its dependence on Russian oil and gas. At the same, Russia has throttled back gas supplies to some EU countries and recently cut the flow in the Nord Stream pipeline to Germany by 60%.

Now that critical piece of gas import infrastructure in Europe, has been shut down for scheduled maintenance due to last 10 days. German officials fear that it may not be turned on again.

The energy crisis comes alongside an economic slowdown, which has cast doubts over whether the European Central Bank can adequately tighten policy to bring down inflation. The ECB announced that it will hike interest rates this month for the first time since 2011, as the eurozone inflation rate sits at 8.6%.

Europe hasn't been this cheap for Americans in decades

But some say the ECB is far behind the curve, and that a hard landing is all but inevitable. Germany recorded its first trade deficit in goods since 1991 last week as fuel prices and general supply chain chaos significantly increased the price of imports.

"Given the nature of Germany's exports which are commodity-price sensitive, it remains hard to imagine that the trade balance could improve significantly from here in the next few months given the expected slowdown in the eurozone economy," Saxo Bank foreign exchange strategists wrote in a recent note.

A series of aggressive interest rate hikes by central banks, including the Fed, coupled with slowing economic growth will keep pressure on the euro while sending investors toward the US dollar as a safe haven, say analysts.

The US Federal Reserve is well ahead of Europe on tightening, having hiked interest rates by 75 basis points while indicating that more rate increases will come this month.

This safe haven retreat into the US dollar could become even more extreme if Europe and the US enters a recession, warned Deutsche Global Head of FX Research George Saravelos in a note last week.

A situation where the euro is trading below the US dollar at a range of $0.95 to $0.97 could "well be reached," wrote Saravelos, "if both Europe and the US find themselves slip-sliding in to a (deeper) recession in Q3 while the Fed is still hiking rates."

That's good news for Americans with plans to visit Europe this summer but could spell bad news for economic global stability.