Women Empowerment

…or at least as long it takes for you to read this article.

Anyway, let’s not waste anymore time, we’re on a tight schedule.

You’re reading this article because there are times when you feel powerless. Maybe you feel powerless right now.

There are many possible reasons – you work for a boss that you hate but you just can’t quit, you want to start a business but you just can’t think of a great idea, you want to get married but you just can’t seem to get a date, etc.

Powerless people have one thing in common – they love to use the word “can’t“. They’ve used it so often that they don’t even notice it anymore but “can’t” is a dangerous word.

When “can’t” is used, all progress and creativity stops. You are declaring that there is no other solution and that’s the way it’s going to be.

What’s interesting about “can’t” is that it doesn’t really mean anything on its own. It’s merely a shortcut for three possible meanings:

I Don’t Want to …

“I can’t go to the concert tonight.” = “I don’t want to go to the concert tonight, I would rather stay home and relax.” 

I Don’t Know How …

“I can’t speak Russian.” = “I don’t know how to speak Russian.” 

I Don’t Believe I Can …

“I can’t lose weight.” = “Even though I know the method for losing weight and I want to lose it, I don’t believe I can lose weight.”

Before you read on, test this out. Think of a time when you used “can’t” and see if it fits one of those three meanings.

Surprised?

I definitely was. I still remember how excited I was when I tested out the different times I used “can’t” and realized it really did fit one of the three meanings.

From that point on, I became aware of my usage of “can’t” and began replacing it with the real meaning. I use to think “I can’t build my own website. I don’t know anything about html or programming.” but when I realized what I really meant was “I don’t know how to build a website.“, it made it clear why I wasn’t where I want to be and that I can do something about it. I truly felt empowered.

If you’re not where you want to be, ask yourself why not? If your answer contains “can’t“, is it because you don’t want to, you don’t know how to or you don’t believe you can.

If you don’t want to, then that’s fine because that’s your choice.If you don’t know how, you can choose to learn.The easiest one of the three to overcome is if you don’t believe you can because all you have to do is change your belief which takes about one second and can be done without getting up from your chair.

There you have it with some time to spare. Remove “can’t” from your vocabulary today and get ready to make some real progress in your goals and in your life by turning your dreams into possibilities.

Remember: There is really no such thing as “can’t“.

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Weekly Market Outlook

There’s a growing risk that capital outflows from China may accelerate as the yuan weakens, spilling over into global markets and causing a broad selloff similar to those in January and August, according to Goldman Sachs Group Inc.

“We shift to an outright negative view” on the yuan, strategists led by Robin Brooks wrote in a note Thursday. As the People’s Bank of China guides the yuan lower against the dollar, “the risk is that this re-ignites capital flight in the same manner it did in August (during the mini-devaluation) and around the turn of the year,” they said.

The yuan is poised for the fifth weekly decline, the longest losing streak since December, amid mounting expectations the Federal Reserve will raise interest rates this quarter. In January, Chinese currency weakness triggered a global equity selloff amid concern the government may engineer the second devaluation since August to bolster growth. By March, the Fed cut its forecast for its long-term borrowing costs, citing uncertainties in China.

Fed Outlook

The Chinese currency fell 0.04 percent to 6.5850 a dollar as of 4:44 p.m. in Shanghai, extending this week’s loss to 0.3 percent. The freely traded offshore rate dropped 0.25 percent since May 27 to 6.5930. The PBOC weakened the fixing by 0.16 percent Friday to 6.5793.

China has shifted its management of the yuan, keeping it steady against a basket of currencies while downplaying the significance of the exchange rate versus the dollar. Such a strategy may not succeed in stemming capital outflows because it is the dollar-yuan exchange rate that Chinese households and companies are most sensitive to, the Goldman Sachs strategists said. In turn, the yuan’s decline threatens to slow the pace of the Fed’s tightening of monetary policy, they said.

“We see a good chance that markets will again speculate over the need for a one-off devaluation, even if the message from policy makers has been that this is not on the cards,” the strategists wrote.

Speculative bets against the yuan still appear to be subdued. Neither forwards points nor measures of option volatility have risen much. At least one large Chinese bank was selling dollars to keep the yuan stable on Wednesday as the currency approached a five-year low, according to two traders.

Speculation Eases

“There’s less speculative interest in being short the yuan,” Tommy Ong, managing director for treasury and markets at DBS Hong Kong Ltd., said Wednesday. “The official intention is quite obvious: if the yuan weakens to the extent that it threatens stability, they will intervene.”

China’s 10-year government bond yield rose seven basis points this week to 3.03 percent, the biggest weekly increase for benchmark notes of that tenor since the five days ended April 8. The nation’s money markets typically tighten in June as banks hoard cash ahead of quarter-end regulatory checks. The benchmark Shanghai Composite Index gained 4.2 percent this week, halting a six-week run of losses.

Bonds have fallen because “the market is concerned about mid-year factors, yuan depreciation and rate hikes overseas,” Guotai Junan Securities Co. analysts led by Xu Hanfei wrote in a note. “After June, the market may return to a bull run driven by weak economic fundamentals.”

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