Here’s Why You Can’t Go By Stock Market Talk- by Neil Siskind

If 30 “public” companies have strong earnings- stocks can go up. If, simultaneously, “100” private businesses close their doors in, let’s say, New Hampshire, laying off 2,000 people-  then, in such case, stocks of public companies can rise while many private businesses close-up shop and people lose jobs. So- let’s say that, because of job losses, the New Hampshire housing market starts feeling pain, while 30 public companies located in San Jose, California, raised their earnings by selling more widgets in China and Singapore- what happens?

Now, let’s say the New Hampshire problem also occurred in Florida and Texas.

Now what?

So- the point is that for every 30 companies that cause the Wall Street Journal or CNBC to say that corporate earnings are up, we have private companies- ones that you never hear about- closings their doors, or losing money, or laying off people all across America.

Stock market earnings do not represent the economy. This is why housing markets crashed in 2007. What they say on TV for the companies they follow- “public” companies- is different than the experiences of the mass of people and businesses across the country. For every Microsoft that had great earnings, there are 300 tech companies across America that are treading water or losing money and jobs.

Here’s an easy way to understand it. Let’s say only 1 company in every industry was public. And let’s say that for those companies, individually, and collectively, earnings are up 15%. Now lets say, the other 1,000 companies in each of these industries is a private company and their earnings went down 7%. So, the stock market can go up based on what it follows. But the economy- consumer spending and housing- would go down. And then, because spending is going down, even those public companies would be negatively affected by what is happening in the “real economy”.

In addition, because of the scale offered by the Internet and how companies like Amazon are overtaking entire industries, large companies and large public companies, do not represent the experiences of small businesses and private companies. In fact, the large public businesses with scale, more than ever in history, are in much stronger positions and much different positions than the rest of American companies it heir same industries.

The stock market is not the economy. But the economy- all the other businesses that are not in the stock market and what they are experiencing- can, eventually, determine the stock market (see year 2007).

 

Neil S. Siskind, Esq., President
The Siskind Law Firm
Tel: 646.530.0006

Neil Siskind is the Founder & Chairman of The Fatherhood Assignment
Neil-Siskind-photo
Learn more at:  http://www.neil-siskind-the-fatherhood-assignment.org/

Neil Siskind is the Conservator of the Neil S. Siskind Nature Preserve
Neil-Siskind-Picture

The Neil S. Siskind Nature Preserve is over 8 acres of environmentally-pristine waterfront land in a magnificent setting along New York’s majestic Hudson River. The Preserve includes a variety of species of animal and plant life, and is a precious example of the thoughtful maintenance of New York’s priceless open spaces. The land’s uses are limited to outdoor recreation such as hiking and climbing, and the study of ecology, nature and land use. The Neil S. Siskind Nature Preserve allows for the intelligent contemplation of our valuable natural resources and the most effective ways to maximize them and keep them protected.

Neil Siskind, Founder, “National Fatherhood Day” – March 29th

Neil-Siskind-pics
To encourage recognition of the needs of boys and girls who are living without fathers or father-figures in their lives.

Read about the non-profits and charities whose missions Neil Siskind supports and promotes: www.neilsiskindsupports.com
Caring is Free®

You can read what clients and associates say about Neil Siskind at: http://siskindlawfirm.com/neil-siskind-bio/.

Neil Siskind’s Volunteer Work:

– Memorial Sloan Kettering Cancer Center, Volunteer

– Memorial Sloan Kettering Cancer Center, My Fundraiser- Help Neil Siskindhelp children with cancer to be more comfortable: http://mskcc.convio.net/site/TR?px=3182108&fr_id=2632&pg=personal

– Make-A Wish Foundation- Help Neil Siskind make sick children’s wishes come true by creating your own fundraiser: Neil-Siskind/Help-Make-A-Child-Smile.htm

– DonorsChoose.org- Donate to one of my needy public classrooms: http://www.donorschoose.org/NeilSiskindGiving

– Champion Children– We seek to inspire people through stories of children who have overcome challenges: http://siskindlawfirm.com/neil-siskind-champion-children/


Neil Siskind’s Pro Bono
 Work:

– Saving Senior Citizens- Protecting New York’s senior citizens from fraud and financial abuse www.savingseniorcitizens.com

– Senior FreeStart Business– Pro Bono: We seek to help put senior citizens in the right direction so that they can face the challenges of the modern economy: http://siskindlawfirm.com/free-start-business/

– Veteran FreeStart Business– Pro Bono: We seek to help put Iraq and Afghanistan war veterans in the right direction so that they can face the challenges of the modern economy: http://siskindlawfirm.com/free-start-business/

– In development: The Neil S. Siskind School of Hope: A free school to teach inner-city youths the skills of entrepreneurship and importance of economic self-sufficiency.

Neil Siskind’s Government Work:

– Suffolk County District Attorney’s Office, Boston, MA, 1994, Intern
– Office of Senator Christopher J. Dodd, Newington, CT, 1992, Intern
– Hartford County Department of Probation, Hartford, CT, 1991, Intern

Neil Siskind’s Community Assistance:

Financed & operated a legal clinic providing low-cost legal services to struggling Long Islanders during the recession to help clients resolve debt, organize finances, and launch new businesses.

Neil Siskind’s Professional Curriculum Vitae: http://neilsiskind.com/

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The Siskind Economic Theory Of Asset Investment (Rather Than Maximum Employment, Price Stability, Or Wage Growth) As The Primary Driver Of Central Banks’ Policies©

Digitally stamped: January 31, 2018

The Siskind Economic Theory of Asset Investment (Rather than Maximum Employment, Price Stability, Or Wage Growth) As The Primary Driver of Central Banks’ Policies©

Because of the new Amazon paradigm of very wealthy companies almost entirely controlling markets through scale, as enabled and enhanced by the Internet, asset bubbles will be more and more prevalent, as employees’ salary bargaining power, and businesses’ pricing power becomes less and less prevalent. Companies, not employees, will have most of the power in setting salaries. Thus, the goals of inflating or deflating assets to increase consumer investment and wealth and enhance a nation’s economic activity through creating greater consumer spending power, such as what has happened since 2007 and 2008 in the U.S. and abroad, will control central banks’ policies in the future more than will employment, or wage, or price concerns. Input-cost inflation and wage pressures will be removed from markets through the phenomenon of having less and less competitors within industries, which will be controlled by only a few major, highly capitalized, widely-scaled players in each industry.

Central banks will compete for such asset-investment dollars by offering the lowest interest rates possible to attract capital, while lacking significant concern for price or wage inflation in this new paradigm, which will be less of risks in and to economies. This structure will create an environment of asset booms and busts across nations, that migrates from nation to nation as such capital seeks the next location for return on investment through asset appreciation along with income from yield.

It will not be wage growth that maintains asset values (such as houses) in this environment. It will be wage volume into markets that will support asset prices in a variety of asset classes. Nations will develop policies and products to attract capital from the most wage earners in the most countries in order to maximize and maintain asset values and products.

Just as in today’s markets, capital will remove itself from asset classes as they become overvalued, and that capital will seek other asset classes in that same or other nations competing for that capital.

Active investment of wages in a variety of asset classes by the populous of all nations will be the main driver of income growth and upward mobility in the future than will income and wage growth, which will have ceilings, in most instances, due to lack of competitive forces in industries.

More and more financial products will be developed, and people will be required to be more and more knowledgeable about investment options in order to maximize their incomes. Countries will become as adept as investment banks at creating new financial products to attract capital to their markets for investments beyond their bonds and currencies. Many assets will have no local characteristics whatsoever, such as bitcoin type assets.

People who are content with their salaries and are risk-averse (or prefer not to spend the additional time required for the potential financial gains) will be welcome to remain absent from such markets or activities.

Jobs in this environment will be more secure. Such type of investing, especially with small portions of people’s salaries, will have limited risk, insofar as jobs will be more permanent in nature, since few competitors will be in each industry. This type of societal structure will have aspects of both socialism and capitalism. People’s jobs will be relatively safe, while upward mobility through asset investment, rather than through wage growth, will demand intellectual labor, time, and financial risk.

Inventiveness and entrepreneurship will still exist in this environment. But it will require the most scientific and technological ideas. Due to the size and scale of existing companies, it will be more expedient to sell new ideas to a large company (or partner with one) then to attempt to engage in one’s own sales operation, which will require vast amounts of capital. Alternatively, a major company could become a key customer for a new concept or new technology as the best method for an entrepreneur to succeed in such a paradigm. Small businesses will, less and less, exist, except to the degree that they secure major customers for highly scientific or technological products and concepts which they have protected, as opposed to going to the consumer directly or selling to various wholesalers or suppliers, which will be less prevalent in the distribution channel.

Due to the global nature of businesses, and large businesses being almost totally in control of their industries, local booms and busts of entire economies will not be common. They will be replaced by asset class booms and busts, as capital moves from asset class to asset class, and from nation to nation.

 

___________________________________

endnote

Much of this economic theory is grounded in the structural changes that have taken place in the modern economy due to Amazon and Facebook and the concept of scale in the Internet economy. Amazon has put ceilings on prices, while Facebook has put a ceiling on competition. Even companies like Snap Inc., using creativity and billions of dollars in capital not only cannot become profitable, while seeing valuable intellectual property duplicated and copied by Facebook, without legal recourse. Small businesses and new ideas are becoming, less and less, able to compete with large technology companies. In the case of retail, bringing a new product to retail, versus large retailers developing their own products, will become less and less plausible a path to market for new product ideas. Thus new ideas run the risk of being copied without recourse, while lacking a path to retail beyond their own websites. Retailers with large scale can easily create their own versions of products and out-market a new or small business person.

Creativity and capital, as we see happening with Snap Inc., are not, necessarily, barriers in an economy with companies that are so gigantic. There is less and less room for any competitors in industries where the industries leaders are gaining great scale due to the Internet.

All of these factors will lead to permanent price suppression and persistent wage pressure suppression in the future.

As Long As We Avoid The “Economic Bermuda Triangle” – by NEIL S. SISKIND

The economy is strong and can remain so, unless we fly into the Economic Bermuda Triangle, which is comprised of the following 3 elements:

  1. A “too-weak” dollar; and
  2. a “too-high” 10 year treasury note yield; and
  3. stagnant (or substantially stagnant) wages and incomes.

We have already flown near and circled this Triangle. Element 2 above has not quite been reached. Some projections have us avoiding the Triangle through higher wages, and, maybe, through a stabilizing dollar, depending on Federal Reserve and ECB policies (The BOJ does not concern me). 10 yr. yields will depend on the aforesaid elements (rising yields, and the Fed, so far, have not determined the dollar direction – rather, it is responding to it).

Higher wages can help offset dollar weakness and/or higher yields.

Wages are the key to the future of the economy. Higher rates and/or a weaker dollar without higher wages is economically terminal. Consumers and homebuyers must be able to afford more products, services, and homes- or nothing else works.

If we fail to avoid this Economic Bermuda Triangle, it will be big trouble for the consumer and the homebuyer- and, thus, for businesses and the economy.

Let’s not forget, I believe the the dollar and the 10 yr. are possibly looking at U.S. real estate assets. If they see bubble risk there, neither may strengthen. If wages do not rise, that bubble-risk multiplies, especially if the dollar stays weak and forces the 10 yr. higher.

It all comes down to incomes. Relative currency strength, repatriation, and other technical factors, mean less than whether U.S. housing is lined up with consumer incomes and expenses (salaries, dollars, borrowing costs, gas). The continued separation of product (gas) and housing costs from incomes is the big risk to markets.

Rates will rise from here “only if” the dollar refuses to rise and remains inflationary and/or due to the Fed selling treasuries. Rates will not rise for any other reasons. Rates rising due to dollar weakness,or due to the Fed sales, without incomes rising, will be the worst case scenario.

 

Neil S. Siskind, Esq., President
The Siskind Law Firm
Tel: 646.530.0006

Neil Siskind is the Founder & Chairman of The Fatherhood Assignment
Neil-Siskind-photo
Learn more at:  http://www.neil-siskind-the-fatherhood-assignment.org/

Neil Siskind is the Conservator of the Neil S. Siskind Nature Preserve
Neil-Siskind-Picture

The Neil S. Siskind Nature Preserve is over 8 acres of environmentally-pristine waterfront land in a magnificent setting along New York’s majestic Hudson River. The Preserve includes a variety of species of animal and plant life, and is a precious example of the thoughtful maintenance of New York’s priceless open spaces. The land’s uses are limited to outdoor recreation such as hiking and climbing, and the study of ecology, nature and land use. The Neil S. Siskind Nature Preserve allows for the intelligent contemplation of our valuable natural resources and the most effective ways to maximize them and keep them protected.

Neil Siskind, Founder, “National Fatherhood Day” – March 29th

Neil-Siskind-pics
To encourage recognition of the needs of boys and girls who are living without fathers or father-figures in their lives.

Read about the non-profits and charities whose missions Neil Siskind supports and promotes: www.neilsiskindsupports.com
Caring is Free®

You can read what clients and associates say about Neil Siskind at: http://siskindlawfirm.com/neil-siskind-bio/.

Neil Siskind’s Volunteer Work:

– Memorial Sloan Kettering Cancer Center, Volunteer

– Memorial Sloan Kettering Cancer Center, My Fundraiser- Help Neil Siskindhelp children with cancer to be more comfortable: http://mskcc.convio.net/site/TR?px=3182108&fr_id=2632&pg=personal

– Make-A Wish Foundation- Help Neil Siskind make sick children’s wishes come true by creating your own fundraiser: Neil-Siskind/Help-Make-A-Child-Smile.htm

– DonorsChoose.org- Donate to one of my needy public classrooms: http://www.donorschoose.org/NeilSiskindGiving

– Champion Children– We seek to inspire people through stories of children who have overcome challenges: http://siskindlawfirm.com/neil-siskind-champion-children/


Neil Siskind’s Pro Bono
 Work:

– Saving Senior Citizens- Protecting New York’s senior citizens from fraud and financial abuse www.savingseniorcitizens.com

– Senior FreeStart Business– Pro Bono: We seek to help put senior citizens in the right direction so that they can face the challenges of the modern economy: http://siskindlawfirm.com/free-start-business/

– Veteran FreeStart Business– Pro Bono: We seek to help put Iraq and Afghanistan war veterans in the right direction so that they can face the challenges of the modern economy: http://siskindlawfirm.com/free-start-business/

– In development: The Neil S. Siskind School of Hope: A free school to teach inner-city youths the skills of entrepreneurship and importance of economic self-sufficiency.

Neil Siskind’s Government Work:

– Suffolk County District Attorney’s Office, Boston, MA, 1994, Intern
– Office of Senator Christopher J. Dodd, Newington, CT, 1992, Intern
– Hartford County Department of Probation, Hartford, CT, 1991, Intern

Neil Siskind’s Community Assistance:

Financed & operated a legal clinic providing low-cost legal services to struggling Long Islanders during the recession to help clients resolve debt, organize finances, and launch new businesses.

Neil Siskind’s Professional Curriculum Vitae: http://neilsiskind.com/

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Sexual Harassment In The U.S. And Worldwide – by NEIL SISKIND

U.S. lawmakers and U.S. society are taking sexual harassment in politics and business (including in the entertainment business) to task. Revelations of businessmen’s and politicians’ actions have led to them to step down from important positions and offices.

Businesses are seeing vital executives leaving their positions, affecting business brands and companies’ futures.

America is progressive, and tough about equal rights. I can hardly imagine the sexual harassment that has been going on in other countries and societies- Italy, Russia, China- for many years … for hundreds of years, and still happening. I wonder if, and when, fall- out from sexual harassment in other societies will begin to occur.

Will multiple businesses worldwide come under pressure if and when we learn that their cultures are steeped in sexual harassment- more than anything we have seen in the U.S.?

How many businesses will be affected across the globe? How many stocks will be hit? How may entire companies in foreign nations will be destroyed when their cultures of harassment come to light? Because it is coming. If it’s happening some, or lots, in America- then it’s happening in droves and in abundance in other, less woman- friendly, and less socially-progressive places.

 

Neil S. Siskind, Esq., President
The Siskind Law Firm
Tel: 646.530.0006

Neil Siskind is the Founder & Chairman of The Fatherhood Assignment
Neil-Siskind-photo
Learn more at:  http://www.neil-siskind-the-fatherhood-assignment.org/

Neil Siskind is the Conservator of the Neil S. Siskind Nature Preserve
Neil-Siskind-Picture

The Neil S. Siskind Nature Preserve is over 8 acres of environmentally-pristine waterfront land in a magnificent setting along New York’s majestic Hudson River. The Preserve includes a variety of species of animal and plant life, and is a precious example of the thoughtful maintenance of New York’s priceless open spaces. The land’s uses are limited to outdoor recreation such as hiking and climbing, and the study of ecology, nature and land use. The Neil S. Siskind Nature Preserve allows for the intelligent contemplation of our valuable natural resources and the most effective ways to maximize them and keep them protected.

Neil Siskind, Founder, “National Fatherhood Day” – March 29th

Neil-Siskind-pics
To encourage recognition of the needs of boys and girls who are living without fathers or father-figures in their lives.

Read about the non-profits and charities whose missions Neil Siskind supports and promotes: www.neilsiskindsupports.com
Caring is Free®

You can read what clients and associates say about Neil Siskind at: http://siskindlawfirm.com/neil-siskind-bio/.

Neil Siskind’s Volunteer Work:

– Memorial Sloan Kettering Cancer Center, Volunteer

– Memorial Sloan Kettering Cancer Center, My Fundraiser- Help Neil Siskindhelp children with cancer to be more comfortable: http://mskcc.convio.net/site/TR?px=3182108&fr_id=2632&pg=personal

– Make-A Wish Foundation- Help Neil Siskind make sick children’s wishes come true by creating your own fundraiser: Neil-Siskind/Help-Make-A-Child-Smile.htm

– DonorsChoose.org- Donate to one of my needy public classrooms: http://www.donorschoose.org/NeilSiskindGiving

– Champion Children– We seek to inspire people through stories of children who have overcome challenges: http://siskindlawfirm.com/neil-siskind-champion-children/


Neil Siskind’s Pro Bono
 Work:

– Saving Senior Citizens- Protecting New York’s senior citizens from fraud and financial abuse www.savingseniorcitizens.com

– Senior FreeStart Business– Pro Bono: We seek to help put senior citizens in the right direction so that they can face the challenges of the modern economy: http://siskindlawfirm.com/free-start-business/

– Veteran FreeStart Business– Pro Bono: We seek to help put Iraq and Afghanistan war veterans in the right direction so that they can face the challenges of the modern economy: http://siskindlawfirm.com/free-start-business/

– In development: The Neil S. Siskind School of Hope: A free school to teach inner-city youths the skills of entrepreneurship and importance of economic self-sufficiency.

Neil Siskind’s Government Work:

– Suffolk County District Attorney’s Office, Boston, MA, 1994, Intern
– Office of Senator Christopher J. Dodd, Newington, CT, 1992, Intern
– Hartford County Department of Probation, Hartford, CT, 1991, Intern

Neil Siskind’s Community Assistance:

Financed & operated a legal clinic providing low-cost legal services to struggling Long Islanders during the recession to help clients resolve debt, organize finances, and launch new businesses.

Neil Siskind’s Professional Curriculum Vitae: http://neilsiskind.com/

Sponsored Advertisements

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Amazon Could Kill the Economy- by NEIL SISKIND

Health insurance stocks are selling off today. Amazon (along with others) announced its determination to enter into the health care mix- which always means lower prices. But, as industries need to compete with Amazon, they must learn to do more with less. This keeps businesses from raising prices, and, thus, from raising wages. Economies can’t grow unless incomes grow. People can’t buy more products and services, or buy more real estate, without more money. It’s simple economics. Especially as the dollar weakens or interest rates rise, people need more money to live. Just “saving” money on things won’t be enough. The dollar may be reflecting this concern of a lack of growth, and the 10 yr., if it stays stubbornly low, will be further confirmation of the dollar’s concerns of a lack of real future growth.

 

Neil S. Siskind, Esq., President
The Siskind Law Firm
Tel: 646.530.0006

Neil Siskind is the Founder & Chairman of The Fatherhood Assignment
Neil-Siskind-photo
Learn more at:  http://www.neil-siskind-the-fatherhood-assignment.org/

Neil Siskind is the Conservator of the Neil S. Siskind Nature Preserve
Neil-Siskind-Picture

The Neil S. Siskind Nature Preserve is over 8 acres of environmentally-pristine waterfront land in a magnificent setting along New York’s majestic Hudson River. The Preserve includes a variety of species of animal and plant life, and is a precious example of the thoughtful maintenance of New York’s priceless open spaces. The land’s uses are limited to outdoor recreation such as hiking and climbing, and the study of ecology, nature and land use. The Neil S. Siskind Nature Preserve allows for the intelligent contemplation of our valuable natural resources and the most effective ways to maximize them and keep them protected.

Neil Siskind, Founder, “National Fatherhood Day” – March 29th

Neil-Siskind-pics
To encourage recognition of the needs of boys and girls who are living without fathers or father-figures in their lives.

Read about the non-profits and charities whose missions Neil Siskind supports and promotes: www.neilsiskindsupports.com
Caring is Free®

You can read what clients and associates say about Neil Siskind at: http://siskindlawfirm.com/neil-siskind-bio/.

Neil Siskind’s Volunteer Work:

– Memorial Sloan Kettering Cancer Center, Volunteer

– Memorial Sloan Kettering Cancer Center, My Fundraiser- Help Neil Siskindhelp children with cancer to be more comfortable: http://mskcc.convio.net/site/TR?px=3182108&fr_id=2632&pg=personal

– Make-A Wish Foundation- Help Neil Siskind make sick children’s wishes come true by creating your own fundraiser: Neil-Siskind/Help-Make-A-Child-Smile.htm

– DonorsChoose.org- Donate to one of my needy public classrooms: http://www.donorschoose.org/NeilSiskindGiving

– Champion Children– We seek to inspire people through stories of children who have overcome challenges: http://siskindlawfirm.com/neil-siskind-champion-children/


Neil Siskind’s Pro Bono
 Work:

– Saving Senior Citizens- Protecting New York’s senior citizens from fraud and financial abuse www.savingseniorcitizens.com

– Senior FreeStart Business– Pro Bono: We seek to help put senior citizens in the right direction so that they can face the challenges of the modern economy: http://siskindlawfirm.com/free-start-business/

– Veteran FreeStart Business– Pro Bono: We seek to help put Iraq and Afghanistan war veterans in the right direction so that they can face the challenges of the modern economy: http://siskindlawfirm.com/free-start-business/

– In development: The Neil S. Siskind School of Hope: A free school to teach inner-city youths the skills of entrepreneurship and importance of economic self-sufficiency.

Neil Siskind’s Government Work:

– Suffolk County District Attorney’s Office, Boston, MA, 1994, Intern
– Office of Senator Christopher J. Dodd, Newington, CT, 1992, Intern
– Hartford County Department of Probation, Hartford, CT, 1991, Intern

Neil Siskind’s Community Assistance:

Financed & operated a legal clinic providing low-cost legal services to struggling Long Islanders during the recession to help clients resolve debt, organize finances, and launch new businesses.

Neil Siskind’s Professional Curriculum Vitae: http://neilsiskind.com/

Sponsored Advertisements

Inventors, IP Owners, Manufacturers
Learn How To Bring Products To Market And To Expand Your Distribution Channels
The Complete Guide To The Ways To Manufacture & Sell Your Products

A Self-Fulfilling Dolla-sophy? – By NEIL SISKIND

Ok- a bad play on the word “philosophy”. But if the dollar is weakening because it fears that a housing bubble has formed, and the weakening dollar is causing inflation fears (without any meaningful wage inflation) which is causing the 10 yr. to rise, then is the dollar- by causing higher interest rates- actually going to cause (or at least, speed-up) the bursting of the housing bubble … the very thing it fears!?

 

Neil S. Siskind, Esq., President
The Siskind Law Firm
Tel: 646.530.0006

Neil Siskind is the Founder & Chairman of The Fatherhood Assignment
Neil-Siskind-photo
Learn more at:  http://www.neil-siskind-the-fatherhood-assignment.org/

Neil Siskind is the Conservator of the Neil S. Siskind Nature Preserve
Neil-Siskind-Picture

The Neil S. Siskind Nature Preserve is over 8 acres of environmentally-pristine waterfront land in a magnificent setting along New York’s majestic Hudson River. The Preserve includes a variety of species of animal and plant life, and is a precious example of the thoughtful maintenance of New York’s priceless open spaces. The land’s uses are limited to outdoor recreation such as hiking and climbing, and the study of ecology, nature and land use. The Neil S. Siskind Nature Preserve allows for the intelligent contemplation of our valuable natural resources and the most effective ways to maximize them and keep them protected.

Neil Siskind, Founder, “National Fatherhood Day” – March 29th

Neil-Siskind-pics
To encourage recognition of the needs of boys and girls who are living without fathers or father-figures in their lives.

Read about the non-profits and charities whose missions Neil Siskind supports and promotes: www.neilsiskindsupports.com
Caring is Free®

You can read what clients and associates say about Neil Siskind at: http://siskindlawfirm.com/neil-siskind-bio/.

Neil Siskind’s Volunteer Work:

– Memorial Sloan Kettering Cancer Center, Volunteer

– Memorial Sloan Kettering Cancer Center, My Fundraiser- Help Neil Siskindhelp children with cancer to be more comfortable: http://mskcc.convio.net/site/TR?px=3182108&fr_id=2632&pg=personal

– Make-A Wish Foundation- Help Neil Siskind make sick children’s wishes come true by creating your own fundraiser: Neil-Siskind/Help-Make-A-Child-Smile.htm

– DonorsChoose.org- Donate to one of my needy public classrooms: http://www.donorschoose.org/NeilSiskindGiving

– Champion Children– We seek to inspire people through stories of children who have overcome challenges: http://siskindlawfirm.com/neil-siskind-champion-children/


Neil Siskind’s Pro Bono
 Work:

– Saving Senior Citizens- Protecting New York’s senior citizens from fraud and financial abuse www.savingseniorcitizens.com

– Senior FreeStart Business– Pro Bono: We seek to help put senior citizens in the right direction so that they can face the challenges of the modern economy: http://siskindlawfirm.com/free-start-business/

– Veteran FreeStart Business– Pro Bono: We seek to help put Iraq and Afghanistan war veterans in the right direction so that they can face the challenges of the modern economy: http://siskindlawfirm.com/free-start-business/

– In development: The Neil S. Siskind School of Hope: A free school to teach inner-city youths the skills of entrepreneurship and importance of economic self-sufficiency.

Neil Siskind’s Government Work:

– Suffolk County District Attorney’s Office, Boston, MA, 1994, Intern
– Office of Senator Christopher J. Dodd, Newington, CT, 1992, Intern
– Hartford County Department of Probation, Hartford, CT, 1991, Intern

Neil Siskind’s Community Assistance:

Financed & operated a legal clinic providing low-cost legal services to struggling Long Islanders during the recession to help clients resolve debt, organize finances, and launch new businesses.

Neil Siskind’s Professional Curriculum Vitae: http://neilsiskind.com/

Sponsored Advertisements

Inventors, IP Owners, Manufacturers
Learn How To Bring Products To Market And To Expand Your Distribution Channels
The Complete Guide To The Ways To Manufacture & Sell Your Products

It’s All About Incomes

Higher interest rates are not terribly worrisome- if incomes also rise.

Economic growth from here requires income growth.

If anything goes up without incomes going up, the economy will be in big trouble. Oil, interest rates, business costs, even consumer spending if its from savings (rather than from income growth) … if any of this goes higher without wage and income growth going higher,  it is bad news.

Business spending (more cap ex) will not help things UNLESS it leads to wage growth. Businesses need people to buy their products and services.

Business earnings won’t grow unless wages grow- and even if earnings do grow- there will be a cap on how far they can grow thereafter, and on how much the economy and stocks can grow, without income growth.

If the dollar weakens, which means incomes have gone down, this very bad news, especially if interest rates climb at the same time.

IPhone X Low Demand

Is the lack of IPhone X demand a factor of technology? Or, are the low sales of the new IPhone a proxy for consumer spending having reached its limits?

 

Neil S. Siskind, Esq., President
The Siskind Law Firm
Tel: 646.530.0006

Neil Siskind is the Founder & Chairman of The Fatherhood Assignment
Neil-Siskind-photo
Learn more at:  http://www.neil-siskind-the-fatherhood-assignment.org/

Neil Siskind is the Conservator of the Neil S. Siskind Nature Preserve
Neil-Siskind-Picture

The Neil S. Siskind Nature Preserve is over 8 acres of environmentally-pristine waterfront land in a magnificent setting along New York’s majestic Hudson River. The Preserve includes a variety of species of animal and plant life, and is a precious example of the thoughtful maintenance of New York’s priceless open spaces. The land’s uses are limited to outdoor recreation such as hiking and climbing, and the study of ecology, nature and land use. The Neil S. Siskind Nature Preserve allows for the intelligent contemplation of our valuable natural resources and the most effective ways to maximize them and keep them protected.

Neil Siskind, Founder, “National Fatherhood Day” – March 29th

Neil-Siskind-pics
To encourage recognition of the needs of boys and girls who are living without fathers or father-figures in their lives.

Read about the non-profits and charities whose missions Neil Siskind supports and promotes: www.neilsiskindsupports.com
Caring is Free®

You can read what clients and associates say about Neil Siskind at: http://siskindlawfirm.com/neil-siskind-bio/.

Neil Siskind’s Volunteer Work:

– Memorial Sloan Kettering Cancer Center, Volunteer

– Memorial Sloan Kettering Cancer Center, My Fundraiser- Help Neil Siskindhelp children with cancer to be more comfortable: http://mskcc.convio.net/site/TR?px=3182108&fr_id=2632&pg=personal

– Make-A Wish Foundation- Help Neil Siskind make sick children’s wishes come true by creating your own fundraiser: Neil-Siskind/Help-Make-A-Child-Smile.htm

– DonorsChoose.org- Donate to one of my needy public classrooms: http://www.donorschoose.org/NeilSiskindGiving

– Champion Children– We seek to inspire people through stories of children who have overcome challenges: http://siskindlawfirm.com/neil-siskind-champion-children/


Neil Siskind’s Pro Bono
 Work:

– Saving Senior Citizens- Protecting New York’s senior citizens from fraud and financial abuse www.savingseniorcitizens.com

– Senior FreeStart Business– Pro Bono: We seek to help put senior citizens in the right direction so that they can face the challenges of the modern economy: http://siskindlawfirm.com/free-start-business/

– Veteran FreeStart Business– Pro Bono: We seek to help put Iraq and Afghanistan war veterans in the right direction so that they can face the challenges of the modern economy: http://siskindlawfirm.com/free-start-business/

– In development: The Neil S. Siskind School of Hope: A free school to teach inner-city youths the skills of entrepreneurship and importance of economic self-sufficiency.

Neil Siskind’s Government Work:

– Suffolk County District Attorney’s Office, Boston, MA, 1994, Intern
– Office of Senator Christopher J. Dodd, Newington, CT, 1992, Intern
– Hartford County Department of Probation, Hartford, CT, 1991, Intern

Neil Siskind’s Community Assistance:

Financed & operated a legal clinic providing low-cost legal services to struggling Long Islanders during the recession to help clients resolve debt, organize finances, and launch new businesses.

Neil Siskind’s Professional Curriculum Vitae: http://neilsiskind.com/

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Operating Agreement- Executed- Finally! By Neil S. Siskind

It took over 6 months to complete an LLC operating agreement among 5 members (a/k/a business partners). We, the attorneys, started this agreement when it was still warm out (August)! In some of these cases, one attorney represents the entire company. I have actually been in this position as well. In such situations, all LLC members needed to sign-off that I represent “the company” and not any individual member. For attorneys, it it easier to handle these situation with one attorney than as in this most recent scenario, where every member had his own attorney- which you can imagine, is not easy. The way to handle these situations is through the partners– meaning that if you have 5 partners who get in a room and all agree they really want to make the business work, they need to be instructed to instruct their attorneys to work nicely, and responsively, and with each other. As attorneys, we are agents of our clients and have many jobs- one of which is to carry out the client’s wishes (while, of course, protecting their interests). So, all of the attorneys involved must do our job of getting the client what he wants. This agreement took time, but it was a solid, professional, and successful job- and took a lot of hours.

 

Neil S. Siskind, Esq., President
The Siskind Law Firm
Tel: 646.530.0006

Neil Siskind is the Founder & Chairman of The Fatherhood Assignment
Neil-Siskind-photo
Learn more at:  http://www.neil-siskind-the-fatherhood-assignment.org/

Neil Siskind is the Conservator of the Neil S. Siskind Nature Preserve
Neil-Siskind-Picture

The Neil S. Siskind Nature Preserve is over 8 acres of environmentally-pristine waterfront land in a magnificent setting along New York’s majestic Hudson River. The Preserve includes a variety of species of animal and plant life, and is a precious example of the thoughtful maintenance of New York’s priceless open spaces. The land’s uses are limited to outdoor recreation such as hiking and climbing, and the study of ecology, nature and land use. The Neil S. Siskind Nature Preserve allows for the intelligent contemplation of our valuable natural resources and the most effective ways to maximize them and keep them protected.

Neil Siskind, Founder, “National Fatherhood Day” – March 29th

Neil-Siskind-pics
To encourage recognition of the needs of boys and girls who are living without fathers or father-figures in their lives.

Read about the non-profits and charities whose missions Neil Siskind supports and promotes: www.neilsiskindsupports.com
Caring is Free®

You can read what clients and associates say about Neil Siskind at: http://siskindlawfirm.com/neil-siskind-bio/.

Neil Siskind’s Volunteer Work:

– Memorial Sloan Kettering Cancer Center, Volunteer

– Memorial Sloan Kettering Cancer Center, My Fundraiser- Help Neil Siskindhelp children with cancer to be more comfortable: http://mskcc.convio.net/site/TR?px=3182108&fr_id=2632&pg=personal

– Make-A Wish Foundation- Help Neil Siskind make sick children’s wishes come true by creating your own fundraiser: Neil-Siskind/Help-Make-A-Child-Smile.htm

– DonorsChoose.org- Donate to one of my needy public classrooms: http://www.donorschoose.org/NeilSiskindGiving

– Champion Children– We seek to inspire people through stories of children who have overcome challenges: http://siskindlawfirm.com/neil-siskind-champion-children/


Neil Siskind’s Pro Bono
 Work:

– Saving Senior Citizens- Protecting New York’s senior citizens from fraud and financial abuse www.savingseniorcitizens.com

– Senior FreeStart Business– Pro Bono: We seek to help put senior citizens in the right direction so that they can face the challenges of the modern economy: http://siskindlawfirm.com/free-start-business/

– Veteran FreeStart Business– Pro Bono: We seek to help put Iraq and Afghanistan war veterans in the right direction so that they can face the challenges of the modern economy: http://siskindlawfirm.com/free-start-business/

– In development: The Neil S. Siskind School of Hope: A free school to teach inner-city youths the skills of entrepreneurship and importance of economic self-sufficiency.

Neil Siskind’s Government Work:

– Suffolk County District Attorney’s Office, Boston, MA, 1994, Intern
– Office of Senator Christopher J. Dodd, Newington, CT, 1992, Intern
– Hartford County Department of Probation, Hartford, CT, 1991, Intern

Neil Siskind’s Community Assistance:

Financed & operated a legal clinic providing low-cost legal services to struggling Long Islanders during the recession to help clients resolve debt, organize finances, and launch new businesses.

Neil Siskind’s Professional Curriculum Vitae: http://neilsiskind.com/

Sponsored Advertisements

Inventors, IP Owners, Manufacturers
Learn How To Bring Products To Market And To Expand Your Distribution Channels
The Complete Guide To The Ways To Manufacture & Sell Your Products