Comments on: The All Hat and No Cattle Nation: Lessons from the Great Depression Part XVII: When Economic Times Cause and Economic Tipping Point. http://www.doctorhousingbubble.com/the-all-hat-and-no-cattle-nation-lessons-from-the-great-depression-part-xvii-when-economic-times-cause-and-economic-tipping-point/ How I Learned to Love Southern California and Forget the Housing Bubble Fri, 09 Jan 2009 13:21:54 +0000 http://wordpress.org/?v=2.2.2 By: logical http://www.doctorhousingbubble.com/the-all-hat-and-no-cattle-nation-lessons-from-the-great-depression-part-xvii-when-economic-times-cause-and-economic-tipping-point/#comment-21469 logical Mon, 04 Aug 2008 20:42:07 +0000 http://www.doctorhousingbubble.com/the-all-hat-and-no-cattle-nation-lessons-from-the-great-depression-part-xvii-when-economic-times-cause-and-economic-tipping-point/#comment-21469 Andy -- you are right. Worldwide, poverty and emaciation go together. In the US it's poverty and obesity. And whoever blames it on high fructose corn syrup is wrong. High fructose corn syrup is in virtually everything that Americans eat. Check the labels at the supermarket -- it's as ubiquitous now as transfats were until recently. Therefore, not only the 'poor' are consuming it. So, it is not the cause of the obesity epedemic that is mainly among the poor. Additionally -- fast food per meal has roughly the same calories as the average entree at a restaurant. Orange Peel chicken at P.F. Chang's is a little higher in calories than a Big Mac and fries. So those paying more to eat out are not eating less and quite likely are not eating any more vegetables. My personal opinion is that obesity among the poor is linked to depression. Food is a drug. Eating triggers all sorts of physical reactions that affect brain chemistry. Overeating and drinking are a form of self-medicating. And remember -- getting fat is not possible without consuming more calories than you burn. The poor don't get fat because they're poor or because they eat at Taco Bell. They get fat because they eat more calories than they use. Andy — you are right. Worldwide, poverty and emaciation go together. In the US it’s poverty and obesity.

And whoever blames it on high fructose corn syrup is wrong. High fructose corn syrup is in virtually everything that Americans eat. Check the labels at the supermarket — it’s as ubiquitous now as transfats were until recently.

Therefore, not only the ‘poor’ are consuming it. So, it is not the cause of the obesity epedemic that is mainly among the poor.

Additionally — fast food per meal has roughly the same calories as the average entree at a restaurant. Orange Peel chicken at P.F. Chang’s is a little higher in calories than a Big Mac and fries. So those paying more to eat out are not eating less and quite likely are not eating any more vegetables.

My personal opinion is that obesity among the poor is linked to depression. Food is a drug. Eating triggers all sorts of physical reactions that affect brain chemistry. Overeating and drinking are a form of self-medicating.

And remember — getting fat is not possible without consuming more calories than you burn. The poor don’t get fat because they’re poor or because they eat at Taco Bell. They get fat because they eat more calories than they use.

]]> By: Nyc http://www.doctorhousingbubble.com/the-all-hat-and-no-cattle-nation-lessons-from-the-great-depression-part-xvii-when-economic-times-cause-and-economic-tipping-point/#comment-21398 Nyc Sun, 03 Aug 2008 23:21:04 +0000 http://www.doctorhousingbubble.com/the-all-hat-and-no-cattle-nation-lessons-from-the-great-depression-part-xvii-when-economic-times-cause-and-economic-tipping-point/#comment-21398 Those newsboy caps and baggy dresses were everywhere last fall. This year: gone. No one is wearing those things now. That commentator, those stores, and that article are behind the fashion times, if not the economic times. Lately it's a return to the early eighties. Wish the newsboy look had had legs, because I am not dressing like Flashdance. I live in the east village, so what you see on the streets here turns up on the runways a year later, and in the stores mentioned after that. Maybe fashion indicates a rally? Those newsboy caps and baggy dresses were everywhere last fall. This year: gone. No one is wearing those things now. That commentator, those stores, and that article are behind the fashion times, if not the economic times.

Lately it’s a return to the early eighties. Wish the newsboy look had had legs, because I am not dressing like Flashdance. I live in the east village, so what you see on the streets here turns up on the runways a year later, and in the stores mentioned after that.

Maybe fashion indicates a rally?

]]> By: Brian Patton, CCIM http://www.doctorhousingbubble.com/the-all-hat-and-no-cattle-nation-lessons-from-the-great-depression-part-xvii-when-economic-times-cause-and-economic-tipping-point/#comment-21383 Brian Patton, CCIM Sun, 03 Aug 2008 18:42:59 +0000 http://www.doctorhousingbubble.com/the-all-hat-and-no-cattle-nation-lessons-from-the-great-depression-part-xvii-when-economic-times-cause-and-economic-tipping-point/#comment-21383 Isn't most of this caused by our "instant news" and craving for the bad news? I recently heard two economist speak on this. Here's a link to their speech notes. http://www.capitallistings.com/focus-bad-news-creates-problems-markets Isn’t most of this caused by our “instant news” and craving for the bad news? I recently heard two economist speak on this. Here’s a link to their speech
notes.

http://www.capitallistings.com/focus-bad-news-creates-problems-markets

]]> By: SEAN http://www.doctorhousingbubble.com/the-all-hat-and-no-cattle-nation-lessons-from-the-great-depression-part-xvii-when-economic-times-cause-and-economic-tipping-point/#comment-21382 SEAN Sun, 03 Aug 2008 18:29:00 +0000 http://www.doctorhousingbubble.com/the-all-hat-and-no-cattle-nation-lessons-from-the-great-depression-part-xvii-when-economic-times-cause-and-economic-tipping-point/#comment-21382 Andy, Let me explane, when poverty hits the first thing to go are foods that are high in nutrition & low in fat. Fruits, vegies & fruit juices are often substituted for fast food, sodas,cookies & chips because they are cheeper by the unit. These prosses foods are loted with corn sweetner, wich MAY lead to weight gane. If you read the labels on packaging look for "HIGH FROOKTOSE CORN SIRUP", most packaged foods have it, very few people know it is even there. I herd on radio that HFCS is a byproduct of ethanol production & is not a natural substance. When the ethanol makers had to get rid of this stuff, the food companies used it because it was cheeper than sucrose. Now 25 years later the nation is overwelmed with health issues, namely do to eccessive weight gane from junk food. There is a book that explanes this better than I can, called "Fast Food Nation." You can also see the movie "Supersise Me" as well. Andy,

Let me explane, when poverty hits the first thing to go are foods that are high in nutrition & low in fat. Fruits, vegies & fruit juices are often substituted for fast food, sodas,cookies & chips because they are cheeper by the unit. These prosses foods are loted with corn sweetner, wich MAY lead to weight gane.

If you read the labels on packaging look for “HIGH FROOKTOSE CORN SIRUP”, most packaged foods have it, very few people know it is even there. I herd on radio that HFCS is a byproduct of ethanol production & is not a natural substance. When the ethanol makers had to get rid of this stuff, the food companies used it because it was cheeper than sucrose. Now 25 years later the nation is overwelmed with health issues, namely do to eccessive weight gane from junk food.

There is a book that explanes this better than I can, called “Fast Food Nation.” You can also see the movie “Supersise Me” as well.

]]> By: MannyarJD http://www.doctorhousingbubble.com/the-all-hat-and-no-cattle-nation-lessons-from-the-great-depression-part-xvii-when-economic-times-cause-and-economic-tipping-point/#comment-21351 MannyarJD Sun, 03 Aug 2008 10:34:01 +0000 http://www.doctorhousingbubble.com/the-all-hat-and-no-cattle-nation-lessons-from-the-great-depression-part-xvii-when-economic-times-cause-and-economic-tipping-point/#comment-21351 Those of us who saved, rented rather than bought, and didn't buy boats, can now enjoy life rather nicely. I have a brand-new Corvette, can easily pay for the gas, dine out on Miami Beach, and can afford all the new clothes I want. Why, because I never bought into the "logic" of purchasing a condo for $3k a month that I could rent for $1350. The assessment for my unit is nearly $700. Let someone else pay for it while I enjoy my dinners and new car! Dr. HB was always correct, along with Dean Baker, Robert Shiller and Nouriel Roubini. The "nays" finally have it. We got the last laugh. We were right all along. Now we watch as Rome burns. And eat our lobster. After the embers subside, we can take our modest savings and purchase $500k Miami Beach condos for under $200k. And still get the best loans because our credit scores are intact. Those who listened to Dr. HB will enjoy the next few years immensely, those who did not will wish they did and suffer like Job these next few years. It will be very ugly out there according to Nouriel. But, back to the lobster. Manny Those of us who saved, rented rather than bought, and didn’t buy boats, can now enjoy life rather nicely. I have a brand-new Corvette, can easily pay for the gas, dine out on Miami Beach, and can afford all the new clothes I want. Why, because I never bought into the “logic” of purchasing a condo for $3k a month that I could rent for $1350. The assessment for my unit is nearly $700. Let someone else pay for it while I enjoy my dinners and new car! Dr. HB was always correct, along with Dean Baker, Robert Shiller and Nouriel Roubini. The
“nays” finally have it. We got the last laugh. We were right all along. Now we watch as Rome burns. And eat our lobster.

After the embers subside, we can take our modest savings and purchase $500k Miami Beach condos for under $200k. And still get the best loans because our credit scores are intact. Those who listened to Dr. HB will enjoy the next few years immensely, those who did not will wish they did and suffer like Job these next few years. It will be very ugly out there according to Nouriel.

But, back to the lobster.

Manny

]]>