Chinese Go Home Early And Investors Panic As Powell Cuts Rates

There are horrible people who, instead of solving a problem, tangle it up and make it harder to solve for anyone who wants to deal with it. Whoever does not know how to hit the nail on the head should be asked not to hit it at all. - Friedrich Nietzsche

In nearly any competitive endeavor, there are plenty of obstacles to make the task difficult. First and foremost, there is the opposition. In sports, the immediate goal is to win the game you are playing. In politics, it is to be the candidate that your party chooses, and then the general public wants. In business, it is to attract customers to your offering. These may seem simple, but success or failure is often determined by the relative attractiveness of what your entity offers compared to the other alternative. In conjunction with this simple reality, the psychological approach of those in the battle is a crucial variable. Today, as has been the case historically, you often learn about those who make the challenge much more formidable than it really is. When I was growing up, the local university, the University of Nevada Las Vegas, had a famous coach. He typically would describe upcoming opponents, no matter how good or bad, as tremendously formidable, as a way to motivate his players. As a youth, I thought his psychological strategy was tremendously advantageous and was part of the reason why his teams were successful. Having matured and been exposed to a wide variety of different mental approaches in various fields, my view is vastly different. Every battle is not going up a hill to take on a well fortified position by a heavily armed opponent. Many business opportunities are difficult, but achievable. The same holds true in hotly contested political races. An accurate analysis of the task at hand, the risks, and where the difficulties lie is at the top of any kind of strategic overview for competitive situations. Overstating those challenges can make a tough task seem insurmountable, or a relatively simple assignment much harder. With that, let us turn to the financial markets and how this pertains to the current environment.

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