Mish Shedlock Gives Out Blue Ribbon for Nuclear Hype

Mish Shedlock runs the Mish's Global Economic Trend Analysis Blog; one of my favorite blogs in the entire world and a blog that I read religiously everyday. Sometimes Mish really cracks me up too!


In a recent post, Mish has given out his blue ribbon for over the top hype and sensationalist reporting. From Popeye Comments on Reports from Japan Mish quotes from an article entitled, "Who are the Liquidators?":


The prime minister of Japan has said that his government is “not in a position where we can be optimistic” about the Fukushima Daiichi Nuclear Power Plant. 

The sensationalist writer goes on then to conclude:

Is there any logical conclusion to draw from that statement other than that a large chunk of Japan is going to be uninhabitable?


I can imagine Mish throwing his hands in the air in exasperation. He adds: 


There is no point in reading an article beyond such absurd hype. There are hundreds of logical possibilities and conclusions one might draw.

The first thing on my mind certainly would not have been that a "huge chunk of Japan was about to become uninhabitable".


I would have thought something along the lines "the Fukushima Daiichi Nuclear Power Plant is totally destroyed". However, I assumed that well over a week ago.

Note that the author did not even phrase his opinion as a "possibility" but rather as an inevitable "logical conclusion".

When you hit a sentence like that, you know the author is in competition for the blue ribbon for hype award. There is no point in reading further because the author has already completely discredited himself.


Mish is always incredibly informative and entertaining. Read more excellent commentary on Mish's Global Economic Trend Analysis Blog here.

Living in Japan Can be an Advantage for Investors!

The situation in Japan as of today, Feb. 19, 2011 is very uncertain. Japan's financial house is in serious disorder. Our debt is not sustainable. Rumors abound of the coming yen crash. The current prime minister of Japan has an approval rating of a mere 19.9% - a new low - and both the old-school political parties in Japan are teetering as they have been beaten in landslides in recent elections.


What's an investor to do to protect his/her self and their family? Well, incredible as it may seem, my good friend Mish Shedlock tells me that there's a great opportunity for those of us living in Japan to capitalize on this uncertainty.

Mish Shedlock

If the yen drops, and, in turn causes a huge rise in stock and precious metals prices, how can those of us living in Japan benefit?


In his blog of Wednesday, Dec. 22, 2010, Mish lays out Ten Economic and Investment Themes for 2011. About Japan, Mish wrote:


On a relative but not absolute basis I like the US. On a currency adjusted basis I especially like Japan. Here is a hypothetical example: Should foreign equities drop 20% and the US dollar strengthen 10% the loss to US investors would be 30%. Should Foreign investors buy US equities and face a loss of 20% and a 10% rise in the dollar, they would see a 10% loss. US investors of course would see the full 20% loss. Japan looks attractive in nominal terms but strengthening of the dollar compared to the Yen could negate some if not all of that. Equities in general, with the possible exception of Japan do not look attractive.


In a later article, Mish wrote about an Interactive Map of Global PE and Price to Book Ratios:

Except for Japan with a price-to-book value near one, with most corporate debt wiped off corporate books, I see little "absolute value" elsewhere.

The problem with Japan is the Yen. To invest in Japan one needs to hedge that Yen exposure or a declining Yen could wipe out most equity gains.

Aha! I see. So I can take advantage of the yen's problems because I am living in Japan!  I asked Mish to elaborate further and Mish was kind enough to add “Someone living in Japan with expenses in Yen and wages in Yen does not need to hedge Yen exposure as does someone outside Japan. A good currency hedge for someone in Japan, any country really, is gold.”

Mish mentioned that he is now in plays on Japanese equities, the Yen, and gold, adding “There are lots of opportunities in Japan and those opportunities should be easier to find and execute for someone living in Japan than someone living elsewhere.”

Now, do I ever feel better!

Thanks so very much to Mish Shedlock for the great insight. You can read much more at Mish's Global Economic Analysis Blog.

Genius Blogs and Get's 100's of Volunteers, Lawyers & Web Designers in 5 Days!

I've written before that I look up to Mish Shedlock as an inspiration as to how to write and run a no-frills but incredibly interesting blog. I sincerely think that anyone who is interested in blogging needs to check out his site. I think, Mish's Global Economic Analysis is one of the best 3 sites on the Internet! 


(Updates below) 

Currently, Mish is running a campaign, looking for volunteers, and he's gotten 100's of them in only a few days! That's astounding! 


Mish has been writing and blogging for years and he often updates his blog 3 times a day!  (I've done that, as a test, for 3 months straight in 2010 and let me tell you that that is a tough job!)


Mish does it consistently everyday and has been doing it for years. It is this kind of dedication that has built him a massive following. I bet he doesn't realize it, but he is an Internet marketing genius.


In a recent blog, Mish asked for volunteers to help him recall the governor of Illinois! No joke. Talk about taking on an almost impossible task! 


Yeah, well, maybe almost impossible, but if anyone could pull this off, it is Mish Shedlock.  


Mish is so dedicated and so well respected that when blogged about this campaign and asked for volunteers in only 5 short days he has gotten hundreds of volunteers. He has even gotten lawyers to volunteer!!! Now, that is amazing! I thought lawyers were cold-blooded sharks who only cared about cash in hand!




Last Sunday Mish wrote: 


I have exciting news this morning. I am launching a campaign to recall Illinois governor Pat Quinn.

This is not a frivolous effort. It is a serious undertaking and one in which I intend to see to the end. It will take hard work and lots of volunteers but we will be successful.

I need volunteers to ...

• Gather signatures
• Talk to state legislative representatives to get them on board
• Provide legal help
• Design a website
• Help with advertising

I will pay for website hosting and domain names.

We need to be successful because Governor Quinn has plans that will destroy Illinois.
Will You Stand Up To The Injustice?


There are many tasks to be performed and I will need volunteers from every county to gather signatures. I estimate we need about 520,000 signatures. My goal is to get 700,000.

If you can volunteer, time, web design, advertising, legal help, or any kind of general assistance, I would appreciate it.


The campaign seems to me to be doing fabulously. Today Mish added:


I wrote the above call to action post on Sunday. Since then I have had over 100 volunteers including 10 web designers, a lawyer, and numerous business owners. Work on a website is underway. I have secured the appropriate domain names. One business owner who employs about 100 people graciously volunteered services of his legal department.


Like I said, Mish is an expert at this. Not only is he an economic genius, he is a wizard at using the new media to get his message out. The proof is in the pudding. 


Of course, any good blogger needs good topics and Mish finds them all the time. This current campaign to recall the governor of Illinois is Mish's idea, but the absurd actions of the governor himself give a fertile mind like Mish's ton's of great ideas.


Get this: The governor of Illinois wants to raise personal income taxes 67%!


In Mish's own words; Tax insanity in Illinois is now official. Governor Pat Quinn signed off on a 67% hike in personal income taxes and a 46% hike in corporate taxes the moment the bill hit his desk.


Now Mish is working to recall the governor! 

Unnamed Illinois businessman's reaction to Gov. Pat Quinn's 

plan to raise personal income taxes by 67% 

and corporate taxes by 46%

I know this is serious business but I couldn't help laughing at the extreme stupidity of the governor of Illinois. If you are from Illinois, or live there currently, you won't find this funny at all... If you are in another state or country and watching this insanity from afar, then this is spectacularly hilarious! 


Mr. Governor, all I can say is that when the Japanese are laughing at you (unless you are a Hollywood stand-up comedian) then you have problems... Usually jokes don't translate well into other languages, but you are a joke that will be understood the world over! 


Read Mish's take on this tax hike here.


Thank God there's people like Mish running around! Go get 'em Mish. See more on Mish's campaign here! Volunteer if you can!


Update 1: I wrote this blog 12 hours ago. In the meantime, Mish has now gotten over 200 volunteers! 


Update 2: This message was sent to me by Mish himself:

Eddie & JoBo Show - WLS 890 - 8:05 PM Saturday - I 'm on Discussing Governor Quinn Recall

Mike,

I received an email moments ago from Eddie Volkman at WLS AM 890 Chicago asking me to be on for a live 18-20 minute segment tonight. The discussion will be on Governor Quinn, the tax hikes, how those tax hikes will impact the state of Illinois, and what we can do about it.

Hey Mike...

I'm Eddie Volkman from "The Eddie & JoBo Show" now on WLS-AM, 7-9pm Saturdays. Wondering if we could get you on with us to talk about your Quinn recall. The whole tax thing is obviously a huge topic right now and listeners are fuming. We'll be talking about it in the 7 o'clock hour tonight. Sorry for short notice but I came across your blog and it's quite intriguing! Thanks!

Eddie Volkman

Click here to listen live

Call in 312-591-8900
Or text "WLSAM" to 68683
or tweet to @wlsam890

Tune in, it should be fun.

Mike "Mish" Shedlock
http://player.streamtheworld.com/_players/citadel/?sid=1044 

More From Mish Shedlock

Folks, I'm sick and in bed, but I thought you'd enjoy this by Mish Shedlock:

Japanese Politicians fed up with Deflation, Challenge BOJ Independence

Things are simmering once again in Japan. The Yen is approaching all-time highs and Japanese politicians have had enough of deflation. Another round of quantitative easing is now on the front burner.

MarketWatch reports Bank of Japan may buy asset-backed paper

Japan's central bank may announce plans to buy asset-backed securities when it issues its policy decision later Tuesday, the Nikkei business daily reported. The newspaper had reported earlier in the week that the Bank of Japan may expand its low-interest loans to financial institutions. But in the report Tuesday, the Nikkei said "a growing number of board members argue that the bank should go further" and begin buying securities backed by loans to small and medium-sized enterprises. The report, which didn't cite sources, said such a move would be aimed at making more funds available to the private sector.

BOJ Independence Under Attack 

Bloomberg reports BOJ Independence Challenged as Deflation Continues

Increasing risks to Japan’s recovery prompted what may become the biggest threat yet to the Bank of Japan’s independence as politicians seek to redress its failure to end the deflation entrenched in the economy since 1998.

Your Party, an opposition group, plans to submit a bill in the Diet session running through December that would give the government a greater role in BOJ policymaking. Ichiro Ozawa, a former challenger to Prime Minister Naoto Kan whose calls for currency intervention and enlarged fiscal stimulus have been adopted by Kan, made a similar proposal last month.

The debate comes after BOJ Governor Masaaki Shirakawa refused to expand purchases of government bonds this year even as deflation persisted. The bank may today instead widen a 30 trillion yen ($358 billion) program providing loans to banks, according to 14 of 17 economists surveyed by Bloomberg News. The effort has so far failed to stanch a contraction in lending.

Shirakawa’s intransigence has incurred the ire of politicians pressing the bank to boost efforts to end deflation, which erodes corporate profits, makes debt harder to pay back, and enhances the yen’s lure by lifting its purchasing power. The GDP deflator, a gauge of prices across the economy, has fallen 14 percent since 1997, according to data compiled by Bloomberg.

“Japan is the only industrialized country which has had consumer price changes of minus or zero over the past decade,” Keiichiro Asao, head of policy research at Your Party, said in an Oct. 1 interview in Tokyo. “If the central bank is a guardian of stable prices, it shouldn’t allow price declines.”

The BOJ, which has kept its benchmark interest rate at 0.1 percent since December 2008, currently purchases 1.8 trillion a month of government bonds. At the current pace of buying, the bank’s self-imposed ceiling for bond holdings will be reached in 2014, according to Barclays Capital estimates.

The Federal Reserve, by contrast, has eschewed any such ceiling and indicated last month it’s prepared to add to its holdings of U.S. Treasuries. At the same time, the Fed’s balance sheet, at $2.3 trillion, is smaller than Japan’s relative to the size of the economy, at about 16 percent, according to data compiled by Bloomberg. The BOJ holds about $1.5 trillion, or about 26 percent of Japan’s GDP.

Bank Balance Sheets Compared

ZeroHedge Asks Is The BOJ Preparing An Imminent Announcement Of Its Own Latest (And Certainly Not Greatest) QE?

The BOJ's balance sheet, which has been relatively flat when compared to peer central banks, especially since FX interventions will likely be sterilized, is about to explode and the JPY will plunge once the carry traders reorient themselves to shorting the original carry currency of choice.

As a reminder, here is how Japan has demonstrated remarkable restraint (at least recently) as everyone else has been printing.



In other words, the BOJ will continue to use FX intervention as an acute weapon every time the USDJPY drops below 83, and gradually implement asset-backed purchases as the chronic intervention against endless deflation.

Because this time it will be different. And, because, as the G-7 people promised, and everyone believed them, there will be no competitive devalution. Ever.

Politicians Know This Time is Different!
It's hard not to laugh out loud at the sarcasm in the last paragraph above.

Not only did QE fail to do what the Bank of Japan wanted (raise prices), QE has also failed to stimulate bank lending as Bernanke wants. Moreover, Japan's currency intervention efforts have not accomplished anything, ever.

But yeah... this time is different, because .... politicians know better!

By the way, this exercise in stupidity by all the central banks in question, shows just how hard it is to destroy a currency, even when you try (except against gold of course).

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Debt! Which is Worse Off Japan or USA Part II

In a former blog, the question was asked, "Which is worse off, the USA or Japan, when it comes to debt?"

I asked my friend and world famous investment advisor Mish Shedlock about it and he graciously replied:

Japan is worse off - Their problem hits first (Japan already has debt at 190% of GDP - USA debt 87.6% as of May 15, 2010). Also Japan is much worse off because of demographics – a much older population... Timing is the key! The USA actually has some time to do something (even if we know they won’t) 


Now, Japan expert Marc Abela (who is running the Mises Institute site in Japan chimes in:

Mish is unfortunately wrong (IMHO) this time around (as in "180 degrees" wrong) on the situation if his conclusion is that "Japan is worse off" (note that I only agree with Mish's viewpoint "once in a while"... I also tend to disagree with him with respect to his approach to the "deflation/inflation" argument as well). But I have a tremendous amount of respect for his work so far.

To lay it out like it is:

The company called the "Japanese government" has debt of up to 200% times that of the company called the "Japanese economy" (GDP) but the "Japanese economy" (i.e. Japan as a country) in aggregate still has plenty of savings (both in local and foreign denominated assets).

Now the company called the "USA government" located within the USA feeding (as in "parasiting" - just like any "government" does) on the company called the "USA economy" has a debt of up to 100% of the country's overall GDP but:

Point 1. 100% of that US debt has been borrowed from abroad - mostly because the local domestic pool of savings has been completely (totally) depleted years ago.

Point 2. 100% of the debt in the USA is very short term (3 months? 6 months? type of material) - a lot shorter than in most countries (even some in Europe believe it or not).

Point 3. Finally most of the GDP numbers in the US (up until last year at least) were comprising of mostly consumption and not much investment (70% versus 30%) where as in Japan the situation is still closer to a 60/40 ratio (if not even better than that? it was even better than that in China a few years ago - don't have the latest data for both countries).

Now let us put things in perspective because a lot of people tend to repeat what most bankers seem to get wrong... regarding...

Point 1: put simply, imagine I (USA) had borrowed from YOUR parents 100% of my $50,000 early salary, and you (JAPAN), had borrowed 200% of your $50,000 early salary from YOUR parents (Japanese citizens). Most wannabe bankers today would argue that "well, 200% versus 100% - Japan is clearly in worse shape". But if your parents still have plenty (loads) of savings (Japan) then YOU can still fuss around quite a bit - while I have to cross fingers that your parents (for mine are totally broke - and my parents already owe your parents as well some amount!) will keep on lending "me" more money (for I borrow from "abroad" - just like the USA does today). As a result JAPAN is in a much better position due to its massive amount of savings (both in domestic/foreign currencies) and local financing of the government debt.

Point 2: Also, time frame, very subtle but quite important, imagine I owe you $500,000 and I promised you the cash "all of it" for next week latest I swear to god - this gives me only 7 days to find the money. The chances I default on that debt are 100% (unless I print my way out of it and get my printer going 24/7 in an attempt to dilute my current pool of paper fiat IOU/promises). On the other hand if I owe you $1,000,000 but I have 10 years to find it then sure, I'm still stuck, but "stuff" can somewhat still happen. The debt in the USA is just like the ARM loans banks were providing to sub-primers, it's in a great proportion "short-term" material - waiting to reset big time in a few weeks? in a few months? As a result the company called the "JAPANESE government" is still somewhat better off - even though it's just a matter of "time".

Point 3: Finally, if I borrow $10,000 from you each year and yearly 70% of that money is spent in me partying building myself pools traveling getting me some plasma TVs and new imported SUVs - chances 10 years later I reimburse and make good on all the money are usually slim. On the other hand if I borrow the same $10,000 from you each year and I only spend yearly 60% on the same kind of stuff - this means I have "invested" what's left 40% like Japan has (which is a 33% increase when compared to just 30% like in the US) by building nets to fish and/or factories towards building "productive" assets, then this usually means I'm still more likely to reimburse my debt. As a result even in point 3, JAPAN is still better off.

As a result, because of 1. mostly foreign borrowing, 2. very short term borrowing, 3. quite poor GDP "I/C" ratio, the USA is in much worse shape than Japan whatever matrix you use - even though yes, sure, just saying "200% versus 100%" may be quite misleading. The USA has today no other option but to print it's way out - unless it finds more suckers (central banks around the world?) to borrow from in an attempt to postpone facing the issue. Wait. Not only that - the above problem was the problem we had "before" 2008, while we still had Bush and Greenspan in office - i.e. we had this problem already while having (supposedly?) a limited republic on our side (ouch) and Ayn Rand's reasoning with us from Greenspan's school (ahem). Now that we have Obama and Bernanke with us - the sky is the limit to the hanabi we can get. Not that I particularly like the combo "Kan/Shirakawa" of course...

.... If the USD drops more and more heavily and faster every month (to 70? 60? 50? 40?) while burping here and there with tiny cardiac surges faking up in the upcoming weeks/months we'll know who was right (Mish or Me)... Now both currencies will drop when compared to commodities that are fixed in volume - so GOLD should rise versus both (all) paper currencies. But assuming GOLD is the non-moving line - one car will be feeling as if it is going backwards much faster than the other one..
.

NOTE! I do not exclude the possibility of "international bullying". This means - I do not exclude the eventuality where the US would simply use its "force/power/army" to keep having Japanese continue lending "more and more" money to the USA (and I do not exclude also corrupted Japanese politicians from accepting this as a temporary solution to kick the can further down the road) - but the more we wait to resolve the current imbalance the more the end result scenario will hit a harder wall.

Japan has been doing everything it could to prevent the USD from losing value over the past 24 months - and I keep insisting, they can't do anything, but most bankers just keep on telling me no Marc you'll see one USD will be worth 110 JPY in a week. Still waiting I am - cares to reply the Yoda in me... :)

Note finally that the more Japan throws their good savings after US consumer debt the heavier the USD will fall the day JAPAN runs totally out of savings. We're witnessing the very first interplanetary "vendor financing" in history. And just like all good "vendor financing" stories - they usually do not end very well. I'll take anyone on the above three points... anytime...

Japan's Two Lost Decades Becoming Three

Once again Mish Shedlock from Sitka Pacific Capital has hit the nail on the head with his economic analysis.

In a recent blog criticizing US government "stimulus" and "bail outs" and other useless efforts to revive a moribund US economy, Mish has once again shown how these sorts of actions failed miserably in Japan. He also goes on to point out that, if they didn't work in Japan, why would anyone think they are going to work in the United States?

I am impressed with Mish Shedlock. He is always right on the money and, with this blog, I think he has coined a term that I have never heard of before. I think this term will stick: "Japan's Lost Two Decades Becoming Three."

Mish was criticizing the US government in his blog; at least Japan had savings and industry... Today's USA has neither. Plus today's USA has a huge foreign debt of which they will never ever be able to repay.

Japan was and still is a creditor nation. The USA is the largest debtor nation in the world - by far!

Mish slices and dices the problem for you succinctly in his blog and you can read it here: America's Lost Decade - Another One in Progress Now.

The one part of that blog that really fascinated me was the "Japan's Two Lost Decades Becoming Three" chart of the Nikkei 225 over these last 20 + years:

CLICK ON IMAGE FOR FULL SIZE CHART

If history is any guide (which it isn't for investment purposes but can be a good clue) then we can see that from the top of the bubble in 1990, the Nikkei 225 stood at ¥38,900. Within ten years it had dropped to ¥20,800 - a 47% decline. This in spite of massive Japanese government intervention and "stimulus." 

Then, over the next ten years, with even more debt and stimulus, the Nikkei 225 dropped again to ¥11,408 from ¥20,800. This tallies in at about a 46% decline. 

Today, Sept. 19th, 2010, the Nikkei sits at ¥9,626.09. This is about a 16% decline this year.

If past history holds true, then we can expect the Nikkei 255 at ¥6,274 by 2020. Not a pretty thought.

So thanks to Mish Shedlock for diagnosing and giving us a name for our current malaise... Read his blog if you want to know how to implement a cure.

Mish Shedlock's blog is here.

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Keywords: Mish Shedlock, Nikkei 225, Japan's Lost Two Decades Becoming Three, Marketing Japan, Mike Rogers, Mike in Tokyo Rogers

Marketing Japan: Ripping People Off on Tokyo Real Estate

By Mike in Tokyo Rogers

I just found an article that shows the ultimate stupidity of some people as well as the criminal dishonesty of others... During Japan's bubble, when the Nikkei hit past ¥32,000 (today it is at ¥9,500 about) people bought all sorts of curious things as investment vehicles; they bought golf club memberships, land, stocks, condominiums, you name it.  And, while the prices were shooting up (1984 ~ 1989) they were fine.... But when the bubble burst, those people lost their shirts...

Especially the ones who speculated on Tokyo real estate.

Of course, as anyone knows, condominiums have no land with them, so, in a down market, they will lose 1/2 their value, like when buying a new car, once they are driven off the lot (in the case of a condo, once lived in)...

The real estate jerk who sold this poor woman, and people like her, condominums as "investments" do nothing but rip people off.

From the article: 

Japan women step up to make big purchases in slow economy

After 25 years working as an accounting assistant in a leading construction company, Asako Nakano decided two summers ago that she needed to stabilize her retirement plans. So she took the plunge and bought a condominium. "The decision to put almost all my savings into a home for myself was a bit daunting, but I never hesitated," said the friendly, confident single woman. "I thought to myself, I am never going to get married, so why not invest in my future? It made sense to me." With a little assistance from her mother, the 52-year-old paid almost $100,000 as a 40% down payment for her apartment in a leafy residential area of Tokyo. Japan's effort to dig itself out of its economic malaise is getting a boost from an unlikely source - the nation's female workforce. 

I like how the article spins this bad trend of dishonest sales and misrepresentation as a "part" of the so-called economic recovery that isn't happening. For more on that read my friend Mish Shedlock's blog "Global Analysis" here.

Some Real Estate Agent

What is really going on here is people are being taken advantage of by salesmen with no scruples. There's absolutely nothing wrong with buying a condominium. But being told that it is an investment for the future is just plain dishonest.

See the original article here. 

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Keywords:

Condominium, Mish Shedlock, Mike in Tokyo Rogers, Marketing Japan, Real Estate, Tokyo, Bubble, Japan, Global Analysis

Marketing Japan: Mish Shedlock's Blog (a Great Place to Study Blogging!)

By Mike in Tokyo Rogers

I've mentioned before that if you blog, you'll need to blog at least three times a week in order to get great results on a Google or Yahoo search... Now, with Google Caffeine, I think the game has changed and you'll need to blog, video blog, YouTube, U-Stream, Mixi, Pick, Facebook, Twitter, Linkedin - whew! - any Social Media or SNS that you are doing at least 5 times a week (better to do 7 days a week) in order to get great results...

From Mike "Mish" Shedlock's Blog: Sunday Funnies

I suppose that this also means that you'll need to cut down doing so many different Social Media services and just concentrate on a few. Like David Meerman Scott says in his book The New Rules of Marketing and PR (I'm paraphrasing),

"Social media sites are like parties around town. It's impossible to go to every party; to go to every conversation. So just pick a few and have good conversations there." 

He's right.

I'm thinking that I am not going to join anymore Social Media sites anymore. I'm just sticking with Mixi, Facebook, Pick and Twitter. Throw in Youtube and U-Stream along with my regular writing on Lew Rockwell and the writing on this blog and I'ver got enough conversations going on... In fact, too many. Maybe I should cut down.

Hmmmm/

Anyhow, I'd like to point you to a guy who has a blog that I think is just great. His name is Mike Shedlock but he calls himself "Mish." This makes him have a unique name that I always want; Mish Shedlock. Secondly, he updates new material on his blog everyday. See his blog here.

How does he do it? Check it out! He writes his own material but he also copy and pastes material he finds and comments on it.

In this way, he can keep the Google search engine happy, get great results on Google search and Yahoo search and have a very popular blog. I suggest you check it out.

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Keywords: Google, Yahoo, SNS, Yahoo search, David Meerman Scott, Youtube, Google caffeine, Mixi, Twitter, Linkedin, Lew Rockwell, Mish Shedlock, Mike Rogers, Mish, Social Media, U-Stream, Facebook, blog, video blog, Google search engine, great results on Google search, New Rules of Marketing and PR,