The Leyendecker View Blog


  • » TLV Economy: May 5, 2017

    • May
    • 05
    • 2017

    TLV Economy: May 5, 2017

    A smooth sea never made a skilled mariner.”
    English proverb

    EMPLOYMENT
     
    Department of Labor Unemployment Insurance Weekly Claims
    Weekly unemployment insurance claims rising off February low
    (April 27, 2017) In the week ending April 22, the advance figure for seasonally adjusted initial claims was 257,000, an increase of 14,000 from the previous week. The 4-week moving average was 242,250. Claims have risen since February 2017 when they hit, 223,000, the lowest level for initial claims since March 31, 1973.
     
    Conference Board Help Wanted Online Index
    Online job ads declined 26,100 in April
    (May 3, 2017) Online advertised vacancies decreased to 4,613,600 in April. Supply/Demand rate stands at 1.55 unemployed for each advertised vacancy, with a total of 2.6 million more unemployed workers than the number of advertised vacancies. The number of unemployed was approximately 7.2 million in March.
      Read More »

  • » TLV Careers: April 27, 2017

    • April
    • 27
    • 2017

    TLV Careers: April 27, 2017

    "The intuitive mind is a sacred gift and the rational mind is a faithful servant.
    We have created a society that honors the servant and has forgotten the gift."
    - Albert Einstein
     
    NEWS YOU CAN USE
     
    Lead Better
     
    ​Intuition is the highest form of intelligence
    Intuition can keep you from poor leadership decisions or safeguard you from groupthink. Intelligent intuition might not be what you think it is. Read on to learn how to practice perhaps the highest form of intelligence.  Read More »

  • » TLV Industry: April 17, 2017

    • April
    • 17
    • 2017

    TLV Industry: April 17, 2017

    Forecasts create the mirage that the future is knowable.”
    – Peter Bernstein

    NEWS FROM OUR WORLD

    BANKING


    Shadow banking: The big winner from the financial crisis
    Regulation is driving capital source innovation. – Stanford Business
     
    Citigroup’s decade of agony almost over
    It’s taken a while for Citi to rebound from the 08/09 global financial crisis. What’s next? – The Economist
      Read More »

  • » TLV Deep Dive: Losing and Finding a Sense of Wonder

    • March
    • 31
    • 2017

    TLV Deep Dive: Losing and Finding a Sense of Wonder

    Wonder is the beginning of wisdom.”
    - Socrates
     
    It has sure been an interesting few months after a quite an election year. The news—fake, real, biased, slanted or otherwise (who knows anymore)—is coming at us like bullets from a machine gun. It’s overwhelming. It’s exhausting. It’s confusing.
     
    And it’s taking its toll. Of a survey of 500 American adults employed full-time, a third reported that they have been less productive since the election, thanks to the distraction of political news. Twenty-one percent said they read more than 20 political posts per day, which amounts to two hours of lost productivity. Nearly 75 percent said they had discussed politics with coworkers, and half said they have witnessed a political conversation at work turn into an all out argument. Read More »

  • » TLV Industry: March 19, 2017

    • March
    • 19
    • 2017

    TLV Industry: March 19, 2017

    Give me six hours to chop down a tree and I will spend the first four sharpening the axe.”
    – Abraham Lincoln

    NEWS FROM OUR WORLD

    BANKING


    5 fintech companies to watch in 2017
    Want to pay your car insurance based upon the number of miles you drive?
     
    JPMorgan doesn’t need lawyers
    Bloomberg tells us that JPMorgan software now does in seconds what it once took lawyers 360,000 hours to do.
      Read More »

  • » TLV Careers: March 10, 2017

    • March
    • 10
    • 2017

    TLV Careers: March 10, 2017

    There are no problems we cannot solve together,
    and very few that we can solve by ourselves.”
    – Lyndon B. Johnson

    LESSONS FROM THE SEARCH TRENCHES

    There's a place for everyone and everyone has his or her place, but not every place is for everybody.
     
    Many years of working in the search trade has taught us this golden rule. It seems pretty simple. Each of us has core competencies. Each of us has our own personal value proposition. The attributes we bring to the market stretch back further than our last job, all of our jobs, and even our education. They begin with where and how we grew up, the period of time that created the foundation of our basic personality and value system.
     
    Companies have a similar story. Each has its own core competencies. Each has its own value proposition. And each has its own unique history. The combination of these produces a company's basic personality and value system.
      Read More »

  • » TLV Economy: March 3, 2017

    • March
    • 03
    • 2017

    TLV Economy: March 3, 2017

    “Forecasts usually tell us more of the forecaster than of the future.”
    - Warren Buffett

    ECONOMIC DASHBOARD

    A log of the most recent releases of data impacting our world

    EMPLOYMENT

    Department of Labor Unemployment Weekly Claims
    Hitting a 44 year low
    (March 2, 2017) In the week ending on February 25, 2017, the advance figure for seasonally adjusted initial claims was 223,000, a decrease of 19,000 from the previous week’s revised total. This is the lowest level for initial claims since March 31, 1973.

    Bureau of Labor Statistics on Employment
    Because February is a short month, the BLS will be releasing new employment data on March 10. We’ll catch back up with this data in April. Read More »

  • » TLV Careers: February 24, 2017

    • February
    • 24
    • 2017

    TLV Careers: February 24, 2017

    It is amazing what you can accomplish if you do not care who gets the credit.”
    – Harry Truman

    LESSONS FROM THE SEARCH TRENCHES
     
    Nothing is too easy. If it were, we would find out sooner or later that it wasn’t.
     
    Virtually all worthwhile accomplishment comes from worthwhile effort. Accomplishment without much effort generally comes from being lucky, being at the right place at the right time. And if we can have good luck, then there are reasonable odds we can have bad luck, too.
     
    It’s best to not take accomplishment or challenge too seriously. One foot in front of the other is the most productive path. And when success smiles on you, remember to thank those in close proximity that surely had a hand in it. Read More »

  • » TLV Industry: February 17, 2017

    • February
    • 16
    • 2017

    TLV Industry: February 17, 2017

    "Money is a good servant but a bad master."
    - Sir Francis Bacon

    NEWS FROM OUR WORLD

    Banking


    Credit Suisse Cutting up to 6.500 jobs after $2.4B loss
    Largely on the back of a $2B charge to settle U.S. claims on fraudulent mortgage practices, the Swiss bank posts its second straight annual loss.
     
    Global investment banking revenue in 2016
    JP Morgan continues to lead the pack.

      Read More »

  • » TLV Economy: February 5, 2017

    • February
    • 04
    • 2017

    TLV Economy: February 5, 2017

    Never test the depth of the river with both feet.”
    - Warren Buffett

    ECONOMIC DASHBOARD

    A log of the most recent releases of data impacting our world

    EMPLOYMENT

    Bureau of Labor Statistics on Employment: Good job growth, poor wage growth

    (February 3, 2017) Total nonfarm payroll employment rose by 227,000 in January 2016, the most in four months, but wage growth slowed more than projected. Job gains occurred in retail trade (46K), construction (36K), and financial activities (32K). The unemployment rate was little changed at 4.8%. Average workweek, 34.4 hours, was little changed from December. The change in total nonfarm payroll employment was revised down by 39,000 jobs for November and December. Average hourly earnings for all employees on private nonfarm payrolls rose by 3 cents to $26, following a 6-cent increase in December. Over the year, average hourly earnings have risen by 2.5%.
     
    Conference Board Help Wanted Online Index: Smaller increase in January
    (February 1, 2017) Following the small December gain of 74,000, online advertised job vacancies recorded an even smaller gain of 49,000 in January 2017. Since reaching a peak in November of 2015 of 5,547,138, online job listings have fallen to the current 4,850,500. The December supply/demand ratio stands at 1.57 unemployed persons for each advertised vacancy, with a total of 2.7 million more unemployed workers than the number of advertised vacancies.  Read More »

  • » TLV Careers: February 1, 2017

    • February
    • 01
    • 2017

    TLV Careers: February 1, 2017

    To avoid criticism, say nothing, do nothing, be nothing.”
    - Aristotle
     
    LESSONS FROM THE SEARCH TRENCHES
     
    Life is a 162 game season. The goal is to be in first place at the end of the season. Strive to improve every day. Be patient and persistent. Do good things.
     
    Major League Baseball has a 162 game season. But that’s not all the games the teams and players will play. There’s preseason. If lucky, there are the playoffs. A team can play as many as 180 games in one season. That’s a whole lot of work—or fun for those ball players who surely enjoy what they are doing. I guess it helps that they are getting paid gazilions. Those offseason vacations must be quite luxurious. Read More »

  • » TLV Industry: January 24, 2017

    • January
    • 24
    • 2017

    TLV Industry: January 24, 2017

    No amount of sophistication is going to allay the fact that all of your knowledge
    is about the past and all your decisions are about the future
    .”
    – Ian Wilson, former GE executive

    NEWS FROM OUR WORLD

    Banking


    Trump’s plans could double US GDP growth by 2018, Deutsche Bank Says
    Concern about Trump’s policies are everywhere, but this banker seems pretty optimistic.

    Radical changes are on their way for investment banks
    Technology, regulation and globalization are rapidly changing the way investment banks operate. Read More »

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