Breath is one of the most engaging books I have come across in some time. Author James Nestor is a gift
ed writer that also has an excellent voice if you like audiobooks.
Centuries of cultural and scientific studies link mouth breathing to all manner of , from crooked teeth to a
New Year’s Resolution: keep that mouth shut!
Veganism is having a moment. From ‘Veganuary’ promotions to whole lines of products in fast-food chains such as KFC and Greggs, there is a concerted effort to lure customers away from meat and dairy. But with the boom comes a deluge of quackery and misinformation.
In this episode Marco Springmann, a public health researcher at Oxford University, separates fact from fiction. He tells Anushka Asthana what the data says about the health and environmental impact of veganism and cutting out meat and other animal products. Here is a direct audio link.
“After ’99, many tech and growth companies lost 50% to 100%. We’re thinking in 2020, everything happens much faster. So, if it took 12 months for the end to begin, now it’s going to take six months.” Here is a direct video link.
Another familiar accelerant of price correction cycles: margin debt has exploded again.
Something to watch out for in 2021:
Margin Debt soared 50% in the past 8 months. In the past 30+ years, such investor euphoria happened exactly twice:
March 2000
June 2007
Now pic.twitter.com/BreCjy7khl— Troy Bombardia (@bullmarketsco) December 28, 2020
Further confirming the stocks-wildly-disconnected-from-economic-reality thesis, it now requires 141 hours of work for the average worker in the US to purchase one share of the S&P 500, This compares with a prior extreme of 100 hours in 2000, and the long-term average of just under 42 hours per share since 1947, as shown here courtesy of my partner Cory Venable and Bloomberg.
