Just 24 hours before the World is scheduled to end and here we are?
I don’t want to make fun of religion but I do think it’s a little funny to see so many people taking this May 21st thing seriously. Oct 28th, 1992 was one scheduled date, then 1993 and 1994 but then people gave up until now as far as I know but Harold Camping has made enough of a media campaign with his May 21st prediction that my kids (9 &11) are talking about it in school and two different people who interviewed me yesterday asked me what I thought about it.
Come on people, even if the Rapture comes this weekend, there will still be Billions of sinners left on earth so LVS and WYNN should be a big buy and, of course, all the classic “sin” stocks like TAP, SAM, DEO, STZ, MO, PM, LO, BTI, PLA, RICK and KKD – lots of good things to invest in if we’re still here on Monday. Of course, if nothing does happen tomorrow, then we have our own past sins to pay for and maybe it will be time to face up to them.
The World is awash in debt after 20 years of partying like it’s 1999 and, of course, it’s not just the debt but the unfunded obligations that have been taken on by most of the World Governments to take care of the aging baby boomers as they move out of their productive years and into retirement. This is not a complicated thing – we have known it was happening since the term “baby boomer” was first coined in the 1980s (in “Great Expectations: America and the Baby Boom Generation“) and defined those of us who were born between 1946 and 1964 and 2011 is the first year of retirement for the first 5% of that group.
You can (and people have) construct all sorts of doomsday scenarios for what will happen to the US and other countries as our population ages. Dennis Gartman recently observed that “There are more Depends being sold in Japan than diapers” and, while this may seem like a simple witticism, consider the fact that Japanese automation firm Super Faiths has developed a series of recycling machines that turn adult diapers into fuel for biomass boilers and stoves. It’s not a joke – it’s a business…
