Posts Tagged ‘nutrition’

Food and Finance

High fructose corn syrup, enriched bleached flour, and "natural flavor" is to bread like CDOS, subprime loans and reverse convertibles are to finance. – Ilene 

Food and Finance

NEW YORK - AUGUST 06: Bread is displayed for sale at a Manhattan grocery store on August 6, 2010 in New York City. As a result of drought and an outbreak of wildfires that have decimated Russia's wheat crop, U.S. wheat prices have been steadily rising, igniting fears of a global rise of food prices. Russia announced a ban on grain and flour exports yesterday, which will take effect from August 15 to the end of the year. While prices fell slightly in trading today, U.S. wheat futures on the Chicago Board of Trade rose over 20 percent earlier in the week, having nearly doubled since early July to $8.41 a bushel. (Photo by Spencer Platt/Getty Images)

Courtesy of James Kwak at Baseline Scenario

I just read Michael Pollan’s book, In Defense of Food: An Eater’s Manifesto, and what struck me was the parallels between the evolution of food and the evolution of finance since the 1970s. This will only confirm my critics’ belief that I see the same thing everywhere, but bear with me for a minute.

Pollan’s account, grossly simplified, goes something like this. The dominant ideology of food in the United States is nutritionism: the idea that food should be thought of in terms of its component nutrients. Food science is devoted to identifying the nutrients in food that make us healthy or unhealthy, and encouraging us to consume more of the former and less of the latter. This is good for nutritional “science,” since you can write papers about omega-3 fatty acids, while it’s very hard to write papers about broccoli.

It’s especially good for the food industry, because nutritionism justifies even more intensive processing of food. Instead of making bread out of flour, yeast, water, and salt, Sara Lee makes “Soft & Smooth Whole Grain White Bread” out of “enriched bleached flour” (seven ingredients), water, “whole grains” (three ingredients), high fructose corn syrup, whey, wheat gluten, yeast, cellulose, honey, calcium sulfate, vegetable oil, salt, butter, dough conditioners (up to seven ingredients), guar gum, calcium propionate, distilled vinegar, yeast nutrients (three ingredients), corn starch, natural flavor [?], betacarotene, vitamin D3, soy lecithin, and soy flour (pp. 151-52). They add a modest amount of whole grains so they can call it “whole grain” bread, and then they add the sweeteners and the dough conditioners to make it taste more like Wonder Bread. Because processed foods sell at higher margins, we have an enormous food industry pushing highly processed food at us, very cheaply (because it’s mainly made out of highly-subsidized corn and soy), which despite its health claims (or perhaps because of them) is almost certainly bad for us, and bad for the environment as well. This has been abetted by the government, albeit perhaps reluctantly, which now allows labels like this on corn oil (pp. 155-56):

“Very limited and preliminary scientific evidence suggests that eating about one tablespoon (16


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How The New Healthcare Bill Will Control Your Big Mac Urges

How The New Healthcare Bill Will Control Your Big Mac Urges

Courtesy of Tom Lindmark at But Then What 

big-mac-extra-value-meal

Joe Weisenthal asks why we didn’t know that embedded in the new healthcare bill is a provision that requires fast food chains throughout the country to post the calorie count of their offerings. To Joe’s credit, he takes some of the blame for the less than stellar analysis that the press offered on this historic piece of legislation:

Granted, the bill was over 2000 pages, so who knows what else is buried in there. But perhaps if the media were a little more interested in content, rather than the daily whip count (guilty) then this could have come up for debate while it was still being voted on.

Really, there was plenty of time for a lot of news organizations with big staffs to parse this bill and point out the gotchas. Joe is on the mark when he says that we ain’t seen nothin’ yet.

Remember, that now the bureaucracy starts writing the rules. The bill was an outline and now someone has to interpret the meaning and intent and transform them into regulation. Will all those bloggers who insist that credit card disclosures be restricted to one page  hold the government to the same standard? I doubt it.

I particularly like this from the NYT article that Joe cites:

“The broader issue is that this firmly establishes the government’s role in improving the nation’s nutrition,” he said.

Something the Founding Fathers forgot to include in the original documents. Glad we finally got it right.

Just the beginning folks. Enjoy the joy ride. 


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Phil's Favorites

What the huge COVID-19 testing undercount in the US means

 

What the huge COVID-19 testing undercount in the US means

Health care workers use a nasal swab to test a person for COVID-19 in Pembroke Park, Florida. Joe Raedle / Getty Images News

Courtesy of Melissa Hawkins, American University

Researchers from the Centers for Disease Control and Prevention and other institutions recently published a study which estimated that the true number of people infected by COVID-19 could be six to 24 times high...



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Biotech/COVID-19

What the huge COVID-19 testing undercount in the US means

 

What the huge COVID-19 testing undercount in the US means

Health care workers use a nasal swab to test a person for COVID-19 in Pembroke Park, Florida. Joe Raedle / Getty Images News

Courtesy of Melissa Hawkins, American University

Researchers from the Centers for Disease Control and Prevention and other institutions recently published a study which estimated that the true number of people infected by COVID-19 could be six to 24 times high...



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Kimble Charting Solutions

Is the US Dollar Nearing Bottom? Or Is It Different This Time?

Courtesy of Chris Kimble

The U.S. Dollar ran into a perfect storm in 2020: a pandemic (Coronavirus), an easy Federal Reserve, and trillions of dollars in government stimulus.

The result has been a steep decline in the greenback.

Looking at today’s chart, however, suggests that the US Dollar may be nearing a bottom. That is if recent history proves true.

The Dollar is testing its 9-year bullish up-trend support at (1) and US Dollar bulls are disappearing. In fact, investors are the least bullish the US Dollars (20% bulls) since 2011 at (2). Notice that each ...



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ValueWalk

Price Gouging Issues Grow As Digital Shopping Takes Over

By Jacob Wolinsky. Originally published at ValueWalk.

The following is a Q&A session with Omri Traub, Co-founder & CEO of Popcart. Price gouging is the latest problem stemming from the pandemic. Popcart, a price comparison service, is out with brand new data that shows pre-covid and post-covid numbers.

Q2 2020 hedge fund letters, conferences and more

Can you tell us about your background and how your experience led to the development of Popcart and Supply Finder?

I have been working in the Boston tech scene for over 20 years.  Popcart is my third startup.  Most r...



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Zero Hedge

Futures Jump, Gold Soars As Dollar Destruction Accelerates

Courtesy of ZeroHedge View original post here.

Everyone is piling into everything.

That's probably the best way to describe the market frenzy this week which has seen an all time high in the Nasdaq and gold, an all time low 10Y yields, and an S&P that is just shy of its all time highs.

Sure enough, on Wednesday, gold jumped to a new record high pushing further past $2,000...

... as the dollar tumbled on U.S. Treasury yields falling to fresh all time lows, and expectations of mo...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Sunday, 29 March 2020, 07:00:37 PM

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Comment: Silver Shorts Are In a Bind | Ted Butler youtu.be/qQc0AoJp-Q8



Date Found: Monday, 30 March 2020, 05:21:45 PM

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Comment: 5 Questions From You for Luke Gromen youtu.be/nVZD_fuxbQE


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The Technical Traders

THE MARKETS POST COVID AND DEBT MONETIZATION

Courtesy of Technical Traders

Chris joins Boom Bust host Sara Montes de Oca and Michael Pento of Pento Portfolio Strategies to talk FAANG, corporate earnings, the Feds, the growing US debt, and pandemic trading.  How will the markets react given permanent changes in how people work and live their lives? What will happen given the Feds strategy of debt monetization?

Learn more about our latest research and alerts on Gold, Silver, Oil, and Equities at www.TheTechnicalTraders.com.

...

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Digital Currencies

Twitter Says "Human Error" And "Spear-Phishing Attack" Responsible For Massive Bitcoin Hack

Courtesy of ZeroHedge

Twitter suffered from a major hack about two weeks ago and has now said that its staff was tricked by "spear-phishing", which is a targeted attack to trick people into simply handing out their passwords. 

Twitter staff were targeted through their phones, according to a new report from the BBC. The attacks then allowed hackers the ability to Tweet from celebrity Twitter accounts. Twitter has said it was "taking a hard look" at how it could improve its permissions and processes.

"The attack on July 15, 2020, targeted a small number of employees through a phone spear phishing attack. This attack relied on ...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

 

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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