Why fear is spreading in financial markets | How to Use the 43:57 Rule to Have Better Conversations and Accelerate Your Success | Effective Recommendations Are Better Heard Than Seen | Hispanics officially make up the biggest share of Texas’ population, new census numbers show

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� � � � � � You Might Like � � � � � � � � � Why fear is spreading in financial markets - The Economist    According to t. s. Eliot, April is the cruellest month. Shareholders would disagree. For them, it is September. The rest of the year stocks tend to rise more often than not. Since 1928, the ratio of monthly gains to losses in America’s s&p 500 index, excluding September, has been about 60/40. But the autumn chill seems to do something to the market’s psyche. In September the index has fallen 55% of the time. True to form, after a jittery August it has spent recent weeks falling. Such a calendar effect flies in the face of the idea that financial markets are efficient. After all, asset prices ought only to move in response to new information (future cash flows, for instance). Other fluctuations, especially predictable ones, should be identified, exploited and arbitraged away by traders. Yet this September there is no mystery about what is going on: investors have learned, or rather accepted, something new. High interest rates—most importantly in America but also elsewhere—are here for the long haul. The downturn was prompted by a marathon session of monetary-policy announcements, which began with America’s Federal Reserve on September 20th and concluded two days and 11 central banks later. Except for the Bank of Japan, which kept its short-term interest rate negative, all the big hitters repeated the “higher for longer” message. Beforehand Huw Pill of the Bank of England likened rates to Table Mountain, the flat-topped peak overlooking Cape Town, as opposed to the Matterhorn, which has a triangular summit. Christine Lagarde, president of the European Central Bank, raised rates and spoke of the “long race that we are in”. The Fed’s governors, on average, guessed that their benchmark rate (currently 5.25-5.50%) would still be above 5% by the end of 2024. Continued here How to Use the 43:57 Rule to Have Better Conversations and Accelerate Your Success - Inc.com    Our preference for speaking over listening is so strong that most people spend the time while the other person is speaking waiting for their turn to talk and planning what they will say--rather than actually listening. Franklin Delano Roosevelt used to prove this point by telling people "I murdered my grandmother this morning" when first meeting them. The vast majority never noticed. If you're smart, though, you can use this dynamic to your advantage. Most people--especially in business--aren't good at having an evenhanded conversation. If you make the effort to get good at it, you will stand out in every interaction.  There's a reason so many of us prefer to do most of the talking in conversations--talking feels good. Research shows that talking actually activates pleasure centers in our brains, much like cocaine, sex, or delicious food, Thomson writes. Think about that for a moment, and you'll realize what a powerful gift it can be to give someone else that good feeling by making space for them to do most of the talking and inviting them to share their insights and experiences. Continued here Don't like ads? Go ad-free with TradeBriefs Premium Effective Recommendations Are Better Heard Than Seen - Stanford Graduate School of Business    Delivering a message by voice — even an artificial one — can be more compelling than putting it in writing. In this age of screens, smartphones, virtual assistants, and voice-enabled speakers, we are constantly bombarded by visual and auditory suggestions of things to do, products to buy, and media to consume. Yet are all these messages created equal? According to new research, the answer is no: Recommendations that are heard rather than read have a greater influence on our behavior. Continued here Hispanics officially make up the biggest share of Texas' population, new census numbers show - The Texas Tribune    White people had been the state's largest population group since at least 1850. Sometime in 2022, the Hispanic population surpassed them, new data shows. The point at which Latinos would outnumber white residents to make up the biggest share of the Texas population has been on the state's demographic horizon for years. It seemed that long-awaited milestone was reached in 2021 when a closely watched data release last year was the first to reflect the culmination of decades of transformative growth. Continued here

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