As I outlined last fall on Seeking Alpha, Phillip Morris International was a good investment because economic pressures in the Far East have been encouraging Asians to smoke more. Here in the U.S., smoking is decline, but economic pressures are encouraging more Americans to engage in other unhealthy habits. Not surprisingly, alcohol and drug abuse has been on the rise in this country during this economic depression. However, eggheads haven't made the connection between American economic pressures and the exponential rise of obesity in the U.S.
In a previous post, I argued that the U.S. has been in an economic depression for over a decade. This period of time correlates nearly perfectly with the exponential rise of obesity.
The top headline says it all. Who in their right mind actually believed that a Marxist, "community organizer", rookie senator would make a good U.S. president? More than 50% of the dumbed-down American electorate, unfortunately.
ECOMINOES is less than two months old, but I think it has enough decent content to warrant a recap of posts you may have missed. Enjoy!
Washington On The Back Of Small Business The 28 million displaced U.S. workers have little chance of landing good
jobs and contributing to the economy as long as small business is under
attack through regulations and taxes.
Mitt Romney has a good chance of winning the presidency, but even if he doesn't, Republicans will likely have full control of Congress in 2013. Under Republican control, Congress will pass necessary austerity measures that will put negative pressure on the economy. The economy will already be weakened by growing inflationary pressures, and will fall into recession in Q1 2013 if predicted tax increases and spending cuts are triggered.
the Federal Reserve, whoever is president in 2013 will be stuck with
Ben Bernanke as chairman for the duration of the year. Mr. Bernanke, who
has made it clear that he will try every Modern Monetary Theory
trick in the book to avoid a second Great Depression, will be unable to
pull the economy out of recession. Bernanke will, however, exacerbate
inflationary pressures, which will be particularly harmful to the poor
and the unemployed, whose government entitlements will be severely cut due to austerity.
The more time I dedicate to ECOMINOES, the less time I dedicate to earning a living.
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"Don't tread on us." - Christopher Gadsden (1724-1805), principal leader of the South Carolina Patriot movement in the American Revolution.
Considering that Spain has a 25% unemployment rateand an eye-popping50% underemployment rate, it sure looks like young Spaniards have found a good way to forget the global depression. Maybe we could learn a thing or two from los tíos.
Multiple post-financial crisis studies have concluded that this depression has disproportionately affected American males. Men have been far more likely than women to lose their jobs. They've been far more likely to be unemployed for more than a year. They've been far more likely to end up taking a "McJob". They've been far more likely to turn to drugs or alcohol to cope. They've committed five times as many suicides as women. The studies from which I gathered these depressing data can be found here, here, and here.
So why has the Great Recession disproportionately affected American males?
Dr. Charles Murray (of "The Bell Curve" fame) is, along with Drs. Thomas Sowell and Walter E. Williams, one of my favorite contemporary economists and intellectuals. Sowell and Williams, who are black, get the stock-standard "uncle tom" treatment from the black community because they are self-made men who don't fear criticizing African-American self-balkanization. Murray, on the other hand, who is white, just gets death threats and deplorable treatment from the mainstream media.
Observe how funny man and Charleston limousine liberal Stephen Colbert (family name: "COL-berT") treated Dr. Murray last month in front of millions of impressionable youths: