The Flu, Swine Flu and the Ukraine

During a normal flu season roughly 5% to 20% of the U.S. population will get the flu (all strains covered). If one take the “worst case” numbers 20% will translate to about 68M people.  When the CDC states that about 22M people in the U.S. have had the swine from April of 09 to October of 09 that may seem like big number but, really, it is in line what what the CDC expects in a normal flu season anyway…  And that is what I love about stats.

People like to use numbers to prove points/win arguments because the majority of the listening audience does not question the data.  Sorry to say it but there is a serious lack of critical thinking which lead does not lead to “Well, how is this different than any year?”

I’ve said it a number of times, and unless I see a set a drastic events, I will continue to say the Swine Flu is nowhere as bad as the media is making it out to be.

Another example of this may be the reaction in the Ukraine.

In a sudden fury of activity the Ukrainian government began voicing concern about national security, closing down schools nation wide, and quarantining hospitals because of a sudden rise in swine flu.  According to Ukrainian government stats, 1,192,481 people have the swine flu within the country of roughly 46 million people.

Put in another way – roughly 4.1% of their population. While I do not have average number of flu cases within the Ukraine 4% seems rather low all things considered.

Initially the outbreak was called an “unknown disease” but has since been identified as the swine flu.  Sure, facing something that has never been identified could explain the concern about national security and establishing quarantines… but, again, 4% seems rather low.

Is gold running out?

The supply of gold on the Earth is finite.  No new supplies will be created.  So, it is interesting to hear the CEO of Barrick Gold – the largest gold mining company – say the company is stopping their hedging practice.

Quick reminder: Hedging is used by companies to protect themselves from price volatility, usually buying/selling contracts of goods at a set price.

Example: I think the price of oil is going to rise in the future so I buy oil options for 4 years out at the current price ($77).  Let’s say the price of oil doubles ($144) I will only have to pay my option price ($77).  Alternatively, if the price drops over that time period I will have lost the difference between what I paid and the price at the time the option expires.

So what would cause Barrick to stop the practice of selling hedges?  There is only one answer that would fit under the current market conditions, they believe they only direction the price of gold is heading is upward.

Chicago Bears…

Yea, they suck.  Just needed to get that out there.  Sure the defense is playing as if they are a different team from last Sunday, now Jay Cutler is sucking ass and sucking hard.

Really guys, what’s up?

The Alavi Foundation

I was very surprised to see in the news that the U.S. is trying to confiscate the holdings of the Alavi Foundation.  First off, I’ve never head of the Alavi Foundation, but the U.S. claims this group is a front for the Iranian Government. Second, I’m surprised because – to the best of my knowledge – there wasn’t much, if any, word the group showing up in the press previous to this event.

Making the assumption the Alavi Foundation is a front for the Iranian Government, why is action being take at this time?  What is the cause/motivation for action? Is this a warning to the Iranian government because of their actions with regards to the nuke program?

Time to start putting the pieces together…

Lou Dobbs leaves CNN

In what came as a surprise for a number of people, Lou Dobbs is leaving CNN.  Except for a short period of time spent at space.com Dobbs was with the network since it was founded. Weird, no?

Anyone have a guess as to why he is leaving.  I’m sure there are odds in Vegas on this, but I’m going with Lou Dobbs may be considering a run for some political position.

Yes, call me nuts, but look at what he said in his speech:

And as for the important work of restoring inspiration to our great free society and our market economy, I will strive as well to be a leader in that national conversation

If that doesn’t sound like someone who is about to make a run, I don’t know what does.  I mean, for crying out loud, he had a huge picture of the American flag behind him! Yes, time will tell, but as I am a betting man this is where I would put my money.