The Scout Report: Weathering the New Economy
When May brings temperatures in the low 100s, think hot dogs
When May brings snowstorms, think hot dogs.
When May brings spring showers, think hot dogs.
Actually, whatever weather you are experiencing right now, hot dogs is the right answer. Make it simple. No bun. No condiments. Don't even heat them. If it will make you feel better to drop them in the dirt first, that will in no way affect your bottom line. Because the bottom line is that even the best kibble mixes well with dirty and/or sandy and/or puddle-splashed hot dogs.
Outside of hot dogs, predicting what commodities consumers will covet in a turbulent climate environment is challenging, and it would be wise to remember the investor's maxim, "Don't put all your bones in one basket." If you put all your bones in one basket, someone is likely to put the whole basket thing on the washing machine, and then where will you be? You'll be boneless. And no one wants that. Diversify your holdings! Put one bone under the couch. Put one bone in the backyard. Put a third bone in your favorite softie place. That way you'll have all your bases covered. But don't put a bone in the front yard. One of your competitors will totally steal it, and then you'll be boneless again. And that would sad because bones are excellent for chewing and chewing and chewing and chewing. And also hoarding.
Speaking of things to hoard, precious metals continue always hold th
eir worth in times of investor anxiety. But they are really not as fun to chew. And, frankly, you're best bet is still a hot dog. On the other hand, they have great potential for burying, and if the new economy is anything like the new weather, burying your treasure may be a pretty good investment strategy in the end.