FEATURED ON CBS THIS MORNING AND CNBC’S SQUAWK BOX
Chris Payne and Rob Barnett are two formerly obese economists who met while working at Bloomberg. They faced the same obstacles to healthy living that so many others face today: long hours, endless stress, constant eating out, and snacking out of boredom. When they finally decided to do something about it, they lost weight by applying what they know best—economics—to their waistlines.
The Economists’ Diet outlines a straightforward, sustainable path for changing your eating habits. By combining economic principles, real-world data, and their own personal experiences, this guide teaches you how to control your impulses to overeat and learn how to approach food in a healthier way. Payne and Barnett provide simple solutions that you can use to achieve lasting results, without extreme dieting or giving up your favorite foods. By applying economic concepts, such as supply and demand, budgeting, and abundance, The Economists’ Diet is a unique and effective way to lose weight—and successfully keep it off.
Contrary to conventional wisdom, we believe that weighing yourself every day is essential to losing weight and keeping it off. It enables a dieter to directly connect his or her eating behavior with the number on the scale. Eat too many slices of pizza and you will, we promise, see a couple of extra pounds on the scale the following morning. We also promise that as you adjust down the quantity of food you are eating, you’ll be hugely motivated to press on with your diet by the lower number you see on your scale.
Knowing your daily weight and having it in your mind also acts as a priming mechanism against temptation. However motivated dieters are in the morning, often hunger pangs get the better of them later in the day. Knowing your weight sends a powerful reminder to stick to your guns and not reach for the candy bar or overeat at lunch. It has exactly the same effect that being reminded of your bank balance has just before deciding whether to splurge on a new TV you don’t really need.
Like most people you’ve probably started a diet, but were not intentional enough on tracking progress toward your weight loss goal. And somewhere along the way you lose interest due to your lack of progress. By measuring your weight daily, you’ll maintain motivation and see the feedback you need to keep on track toward your weight loss goal.
I offer a spreadsheet to track your daily weight loss as part of my Action Diet Plan.
The Action Diet spreadsheet draws your weight loss journey as a sloped line on your personalized chart. Weigh yourself every day and watch your progress as a new dot on the graph. If your dot is below the trend line, you’re on track! If your dot is above the line, you’re at risk of missing your goal. The spreadsheet tells you each day what action is necessary to reach your weight loss target.
The spreadsheet is available via the Research Offers page.
The stock market selloff that began around the last week of January was predicted by the Trend Exhaustion timing system. All three timeframes (monthly, weekly and daily) were in a cluster of Sell modes. This began with a Monthly exhaustion point at the end of December 2017. The Weekly signal hit right at the market peak (2,872 on the S&P 500) during the week of January 22nd, 2018. Daily trend exhaustion soon followed on January 30th. It’s no wonder February has been so unkind to the market.
Below is a Table presenting this “Triple Trend Exhaustion” of the S&P 500, along with the most recent Buy signals at each timeframe for comparison:
|Most Recent BUY Signals
Date / Price / Signal
|Most Recent SELL Signals
Date / Price / Signal
|Monthly||February 2009||735||Setup||December 2017||2,673||Aggressive Sequential||1,991|
|Weekly||Feb. 8, 2016||1,864||Setup||Jan. 22, 2018||2,872*||Aggressive Sequential||2,446|
|Daily||Nov. 4, 2016||2,085||Setup||Jan. 30, 2018||2,822||Setup||2,682**|
* Right at the recent Market Peak.
**Daily Support has been Broken. If a Daily Setup forms below this level expect additional short-term downside.
Two years (back to 2016) is a very long time to go without an Exhaustion signal for the Weekly and Daily timeframes – and nine years for the Monthly, leading me to think we could be in for more downside. Support levels are shown in the Table for each timeframe and should be watched closely.
Here’s images (click on images for clarity) of the Sell signals from the Trend Exhaustion Market Timing Excel Spreadsheet
Monthly “Aggressive Sequential” Sell Signal for S&P 500, December 2017 (see cell BJ344)
Weekly “Aggressive Sequential” Sell Signal for S&P 500, January 22, 2018 (see cell BJ1412)
Daily “Setup” Sell Signal for S&P 500, January 30, 2018 (see cell K1411)
These Trend Exhaustion signals are powerful tools to identify when the market’s current trend is expected to reverse. Learn more about the system here: Trend Exhaustion Market Timing Excel Spreadsheet
A True Story about Oil
From the food on our tables to the fuel in our cars, crude oil seeps invisibly into almost every part of our modern lives. It is the energy source and raw material that drives transport and the economy. Yet many of us have little idea of the incredible journey it has made to reach our gas tanks and plastic bags. This Australian Broadcasting Corp. (ABC) TV creation “Crude – the incredible journey of oil”, is a superbly crafted, 90 minute documentary spanning 160 million years of the Earth’s history to reveal the story of oil.
The first 10 minutes of Part 1 is worth the investment of your time. Stunning videography and an explanation of why the Gulf of Mexico is such a rich natural resource.
The past, present, and future of crude oil. Australian documentary filmmaker Robert Smith (a marine biologist by training) set out to make this film because of what he called, “his own curiosity and quest for knowledge to understand this substance that takes such precedence in almost every aspect of our lives.” Even the computer that I now type this on owes its presence to the petroleum products making up its plastic case, not to mention the fuel that allowed it to be transported from its place of manufacture to my desk. What amazed Smith, and amazed me in viewing the film, is how pervasive crude oil has become in every aspect of our lives, and how quickly it has done so.
One of the important questions everyone wants to know these days is, “Have we really hit peak oil?” (The point at which the oil available is equal to the oil we’ve already consumed.) Smith thinks so, but when he speaks about his film he clarifies that “it’s a messy peak, with peaks and valleys.”
After watching the documentary, I left feeling like everyone needed to see Crude. It’s extremely well-done, with much of the footage skillfully shot by Smith himself as he traveled the world, talking to experts and visiting oil production facilities. It reminds us of the reality of what our dependence on oil means: it’s a limited resource.
Crude has garnered attention; noted environmentalist David Suzuki penned a rave review that appears on the film’s site, and it won accolades at the 2007 Jackson Hole Wildlife Film Festival.
(review via The Santa Barbara Independent..)