Posts

Time to Get Out

From Main Street to social/professional networks the meme has shifted radically. In job search and promotion possibilities it used to be: Be persistent. Currently, as this Reddit posting hammers, it's: Get out.  In my intuitive coaching/tarot reading, essentially I am sizing up clients' employment situations the same way. That is, assessing: If they should ditch searching for a job in a certain field or even holding on amid so much job insecurity where they are employed.  And, when. Overall, what I have observed is that most knowledge workers wait too long to throw in the towel. What is operating is magical thinking that somehow their talent, proven skills and hustle will "save" them. One policy analyst clung to that illusion for two years of joblessness before they came to me for guidance.  As the deluded hang on their financial reserve collapses, along with their self-confidence and relationships with loved ones. The latter simply tire of what could be labeled ...

BoomerVille - Generation Which Changed So Much ...

  For too many of us former social change agents, our money is primarily out of control. That includes not only the value of our investments. It's also about the predicted return of high inflation and rising interest rates. Will we turn into our frightened parents? They never unwound after The Great Depression. Tonight we will sleep, though. The Dow roared back today. Futures aren't doing a disaster: Dow Futures 48,056.00 Change - 88.00   0.18%  

BoomerVille: But, We Don't Trust It

  We Boomers don't have the time to recover from a crash. In addition, our Social Security monthly payment could get reduced in six years. So, this is sweet. But not to be trusted. Dow Jones Industrial Average INDEXDJX: .DJI 47,958.41 +1,373.95  (2.95%) today Apr 8, 9:38 AM EDT  •  Disclaimer

No Watergate: Friends of Jeffrey Not Psychoanalyzed

  It was a different time. Freudianism was having a heyday in the United States. If you were sophisticated you were in psychoanalysis. Cartoons in The New Yorker mocked how we discussed what our analysts said at cocktail parties. And, of course we put everyone else on the couch.  That included Richard Nixon and all the president's men. The psychobabble ranged from Nixon's insecurity to paranoia to grandiose personality. Overall, Watergate was sized up in the psychological terms of blind ambition. Not so, for the current Epstein files scandal. Those identified as Friends of Jeffrey are described in system concepts.  The close relationship of Bard president Leon Botstein and financial founder Leon Black with the monster is summed as how networking operates in the top tiers of society. There's no probing of their ID, Ego and Super Ego a la Freudianism.  Paul, Weiss partner Brad Karp is viewed from the cautionary perspective of getting too close to a client.  Techie...

BoomerVille: Maybe the End Isn't Near

  Dow Futures 47,729.00 Change + 917.00   1.96%   UPDATE: Market Summary  >  E-mini Dow Jones Industrial Average Index Futures 47,824.00  USD +1,012.00  (2.16%) today Apr 7, 10:46 PM CDT  •  Disclaimer

Jamie Dimon's Annual Letter: Mixes Poetry with Pragmatism

"Remember the poem 'If—' by Rudyard Kipling that begins 'If you can keep your head when all about you are losing theirs'? We will stay true to this. We must deal with the world we have — and strive for the one we want." Essentially that quote captures the tone and the content of JP Morgan Chase's Annual Letter , as created by its leader Jamie Morgan. It's a mashup of aspirational poetry and pragmatism. That operates on a platform of optimism about the resilience of the US economy. The bullishness is rooted in the twin realities that America has lasted 250 years and JP Morgan Chase has been around since 1799. The major risks to the economy include: Global conflicts Sustained inflation Private markets unrest Poor banking regulations. Simultaneously Dimon is bullish on AI. He doesn't see a bubble. The ambiguity is about which players will be the winners and which the losers. Already, as many of us know, there have been dire predictions. For example  O...

Paul, Weiss Finally Catches a Break with Media, Scott Barshay Developing Leadership Skills

 That last line of the April 5th The Wall Street Journal article about Paul, Weiss reads: "The firm is making more money than it ever has" And that's likely the exact message new chair Scott Barshay wants to transmit, both internally and to all external constituencies. The culture shift he has rapidly established is about financial performance. Barshay keeps reinforcing that meme straight-off-the-shoulder. Without apology. Recall that The New York Times journalist David Enrich castigated Big Law's growing one-dimensional focus on Profits Per Equity Partner in his 2022 book "Servants of the Damned." Such a shame, was the takeaway, that the once-noble profession has mutated into a kind of ATM for money-hungry partners.   Since the money issue is nothing new, this should be obvious: Paul, Weiss finally has caught a break in the media through this article. For about a year it has been hammered in legacy media as well as social and professional networks.   Overal...