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Bank Of America's Latest Decoupling Strawman: Go Long Women

Tyler Durden's picture





 

While Goldman Sachs' Jim O'Neill continues to push his theory for decoupling based on an extended developing world, which includes such countries as Nigeria and Iran, to drive global growth as per his recently launched BRIC replacement, the N-11, Bank of America's economics Ethan Harris and Neil Dutta, have taken a far more novel approach to finding "hidden" sources of pent up growth potential: women. Of course, neither dares to admit that the only real source of 'growth' is nothing less than previously unprecedented amounts of monetary stimulus in the form of endless free central bank liquidity. But in every bank's quest to find the missing link in the "virtuous circle" dynamo, we expect increasingly more ridiculous assumptions about what will manage to be a standalone driver for a 4%+ GDP growth for the US. In the meantime, the fact that the underlying "organic" economy, not to mention the stock market, would flounder absent trillions in cheap money supporting all asset prices continues to be resolutely ignored by everyone. Which merely confirms that the Fed will likely never hike rates again, as that would eliminate two years of what will soon amount to nearly $4 trillion in monetary stimulus in the US alone, which in turn represents roughly 25% of the stock market capitalization in the US alone. But going back to why Bank of America is now going long women, here is Harris' summary: "The wounds of the economic crisis will take years to heal. However, we expect female earnings to recover faster than male earnings. In many households, women already do most of the shopping. So, while we remain cautious on the trajectory for consumption, our sense is that women will increasingly drive consumer spending." At least BofA will have someone to blame it all on, when their latest ridiculous "economic" theory collapses in a pile of dust.

From the 'analysis'

  • Women did not experience the severity of the labor market recession that men did. Men and women went into the recession with unemployment rates
    at roughly the same level. But today, the unemployment rate for women is almost two full percentage points below men.
  • For every two men that graduate from college, three women do. In fact, women earned over 50% of the Bachelor’s degrees in the last decade. Back in 1960, women were less than 40% of the undergraduates.
  • As a result, the ongoing shift away from a manufacturing-based economy to a knowledge-based one should overwhelmingly help women. They make up the majority of the workforce in nine of the 10 occupations the Bureau of Labor Statistics predicts will add the most jobs over the next eight years.
  • While a gender wage gap remains, it is closing: over the last five years, the real median income for women has risen roughly 1% at an annualized rate. For men, it has contracted 1.5% at an annual rate.
  • Women are waiting longer than ever to get married and comprise 56% of the single-with-no-children households in the country. And, when you are single, you are significantly more likely to spend on yourself.

It gets better:

Companies that cater to women should do well

Yes, women make the bulk of household spending decisions as it is. But, their increasing earnings potential means stronger purchasing power relative to men. This secular, “long-on-women” theme should bode well for companies that cater specifically to women. Our equity analysts are already noticing the rebound of the female shopper in their companies and we expect these trends to continue.

Labor market recession disproportionately affected men

The labor market recession disproportionately affected adult males in the manufacturing and construction industry. Men account for roughly 90% of construction jobs and around 75% of manufacturing jobs. These jobs are generally low-skilled but high paying. And, the hallowing out of job opportunities in these industries implies that unemployment for men is increasingly structural in nature.

Consider that job losses in manufacturing and construction accounted for roughly 50% of the employment declines between 2008 and 2009, shedding a combined 3.987 million jobs. Yet, job openings in these two sectors account for less than 10% of the three-million plus job openings in the private sector as of October 2010 (Figure 16). We are looking at permanent job-loss in these male-dominated sectors. And, the retooling process for these displaced workers to garner skills relevant to the employer’s in today’s labor market will be measured in years.

By way of contrast, the magnitude of the job loss for women has not been nearly as severe. This is why the gap between the unemployment rate of women and men has never been as wide as it is today. The unemployment rate of women, at 8.9%, is almost two full percentage points below that of men (10.6%). Figure 17 shows the trend in this gap over the last 30 years. The unemployment rate of men typically rises above that of women  immediately after the recession ends since men work in more cyclically-sensitive industries like manufacturing, construction and mining. Normally, the  unemployment rates of two sexes converge as the cyclical dynamics of the labor market recovery kick-in.


However, with the gap as wide as it is and given the acute nature of the structural unemployment among men, it is likely to take longer than normal for  this gap to narrow.

Women positioned well to fill the jobs of the 21st century Women are also uniquely positioned to fill the jobs in the sectors of the economy that will be demanding more labor. Figure 18 summarizes where the Bureau of Labor Statistics believes the jobs will be over the next ten years. Most of these sectors already employ women as a majority of their workforce. Sure, men will increasingly rotate into these sectors, but as we pointed out above the  adjustment process will be slow.

The health industry is a perfect example. With the median baby boomer nearing retirement, health care is a rapidly growing industry. This is why it is not much of a surprise to see that the lone sector in the economy that managed to add to its staffing levels even through the recession was health care & social assistance. This is an occupation dominated by women, accounting for roughly 80% of the total workforce.

It is also generally accepted that the more educated the worker the more they can earn. This is particularly important in our increasingly  knowledge-based economy. One study finds that the increase in individual earnings from an additional year of schooling is about 6-10%. And, the academic literature supports the idea that most of the increase in wage inequality over the last 30 years was due to increasing differences in wages for workers with different levels of education. This is a secular theme: educated workers enjoy increasingly tighter labor markets relative to others and significantly higher levels of earnings.

Who are these educated workers? Mostly women. They earned over 50% of the Bachelor’s degrees awarded in the last decade. There are a number of reasons for why this is the case and the seminal study in this regard comes to us from Claudia Goldin and Lawrence Katz from Harvard University. They list a number of reasons: women are getting married later, a resurgence of feminism, and behavioral factors. For example, young girls are more likely to do their homework and less likely to get arrested or suspended from school. They also note that women are increasingly finding their way into “male-dominated” sectors like engineering. Whatever the reason, the fact remains that women are more likely to go to college and our sense is that this will serve them well.

While the underlying permise behind this internal "decoupling" is aneurism inducing, the BofA analysts may be on to something. As we pointed out recently, a certain segment of women are already not only taking advantage of banker generosity (whose proximal position to 0.25% discount rates must be milked by all), but translating this into economic growth: recently Rick's Cabaret announced it would be expanding its locations substantially in the new year, following unmet demand for its "services." In that regard, we couldn't agree more with BofA's analysis.

 


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Tue, 12/21/2010 - 14:10 | Link to Comment -Michelle-
-Michelle-'s picture

<headdesk>

Tue, 12/21/2010 - 14:20 | Link to Comment the mad hatter
the mad hatter's picture

Go long women because women are objects and should be traded like commodities on NYMEX.

Tue, 12/21/2010 - 14:32 | Link to Comment etrader
etrader's picture

crack spread

Tue, 12/21/2010 - 14:41 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

NYMEX?  More like CBOE: long straddle.

Tue, 12/21/2010 - 15:22 | Link to Comment Rusty Shorts
Rusty Shorts's picture

I traded my girlfriend for a Holley carburetor one time, best trade ever.

Tue, 12/21/2010 - 16:36 | Link to Comment Herd Redirectio...
Herd Redirection Committee's picture

Lets call it what it is, this crisis has as a 'side effect' had the result of disempowering MILLIONS of males.

Women dominate healthcare and public sector.  Public sector is the ONLY sector adding jobs.

BUT.... Women are les educated on financial matters.  Why do I feel that could be the 'great equalizer' in the next few years! 

PsychoNews

http://psychonews.site90.net

Tue, 12/21/2010 - 17:23 | Link to Comment tamboo
tamboo's picture

Reich (joo), Obamas (joo) economic advisor no "White Male Construction Workers"
http://www.youtube.com/watch?v=opxuUj6vFa4

Tue, 12/21/2010 - 14:59 | Link to Comment random shots
random shots's picture

Is the pair trade gay men?

Tue, 12/21/2010 - 15:02 | Link to Comment knukles
knukles's picture

Yes.  Short gay men.

The new midget sex dimension.
Throw in a tranny and a donkey, make a bloody fortune.
A blow job here and a blow job there and pretty soon, you'll think you're a fucking senator.

 

Tue, 12/21/2010 - 16:33 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Where does the metrosexual fit in?

Tue, 12/21/2010 - 17:24 | Link to Comment tamboo
tamboo's picture

only if you have the nose for it.

Tue, 12/21/2010 - 15:57 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Stand them on their heads and they all look the same.

Tue, 12/21/2010 - 16:38 | Link to Comment NumberNone
NumberNone's picture

Going long women makes sense 'cause chicks dig the long ball...

http://www.youtube.com/watch?v=4ltD21rYWVw 

Tue, 12/21/2010 - 17:40 | Link to Comment teaddy bearish
teaddy bearish's picture

can i get a physical delivery on that women commodity ??

Tue, 12/21/2010 - 14:11 | Link to Comment HamyWanger
HamyWanger's picture

That's indeed what I've observed in my stores. Most purchasers are women, and they seem to be very well-funded.

Tue, 12/21/2010 - 14:16 | Link to Comment tickhound
tickhound's picture

Women like floor safes?

Tue, 12/21/2010 - 14:17 | Link to Comment TengoPero
TengoPero's picture

Didn't you say you worked in interior design?

Tue, 12/21/2010 - 14:17 | Link to Comment HamyWanger
HamyWanger's picture

Home decor, to be more precise. It includes all types of furniture.

Women represent typically 80% of our customers.

Tue, 12/21/2010 - 14:40 | Link to Comment traderjoe
traderjoe's picture

I've asked now about 10 times. Since you've been outed as a professional troll doing an experiment on us 'perma-bears' why are you still here? How many avatars do you have?

I do wish people would stop responding to you. Please, people, don't feed the trolls. 

Tue, 12/21/2010 - 14:48 | Link to Comment HamyWanger
HamyWanger's picture

As long as my psychology report isn't completed.

Tue, 12/21/2010 - 14:52 | Link to Comment the mad hatter
the mad hatter's picture

Your sample is biased because women, more than men, care about what color the tiles are. I can live in a dilapilated apartment if I wanted to. Women need their Serta mattresses and fresh-smelling linen. They need nice cars and fancy clothes.

That was actually a theme in Fight Club, the feminization of society... of it becoming more and more materialistic. In Fight Club, Chuck Palahniuk criticized modern materialistic culture. His critique of culture was a critique of women and their asinine concern with appearences and aesthetic beauty... Undoubtedly reinforced today by modern media and culture.

Men are to blame as well, as we have consistently given them what they want. More money and more stuff. Ultimately, human desire, ignorance, and social evolution has led to the development of what John Perkins, author of Confessions of an Economic Hitman, calls the corporatocracy:

In their drive to advance the global empire, corporations, banks, and governments (collectively the corporatocracy) use their financial and political muscle to ensure that our schools, businesses, and the media support both the fallacious concept and its corollary. They have brought us to a point where our global culture is a monstrous machine that requires exponentially increasing amounts of fuel and maintenance, so much so that in the end it will have consumed everything in sight and will be left with no choice but to devour itself.

Tue, 12/21/2010 - 17:37 | Link to Comment ToddGak
ToddGak's picture

We give them what they want, because they have what we want.  And I'm not talking about stimulating conversation.

Tue, 12/21/2010 - 19:38 | Link to Comment StychoKiller
StychoKiller's picture

In the "Age of Kali", you DO as Kali commands!

Tue, 12/21/2010 - 14:58 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

Harry,

 

Did you notice BankofAmerica is up 2% today ? Now is a good time to buy. Book it.

Tue, 12/21/2010 - 15:40 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Dick Bove, is that you?

Tue, 12/21/2010 - 16:00 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Yes that is correct. They have all of our credit cards.

Tue, 12/21/2010 - 14:14 | Link to Comment scatterbrains
scatterbrains's picture

TD,  any thoughts on Apple pulling that wikileaks app ?

Tue, 12/21/2010 - 14:14 | Link to Comment Apostate
Apostate's picture

Yes. Gotta have nurses to care for all those aging Bank of America employees, changing their diapers and everything.

Can the collapse of this company come soon enough? Paging Mr. Assange...

Tue, 12/21/2010 - 14:26 | Link to Comment -Michelle-
-Michelle-'s picture

I like how figure 18 has the same job listed three times: Home health aides - personal and home care aides - nursing aides and orderlies.

Giving someone a bath and changing their linens is the same job whether its done in a hospital, nursing home, or residence.

Tue, 12/21/2010 - 15:10 | Link to Comment HedgeYourself
HedgeYourself's picture

And, in addtion if this table represent all of the great areas of future growth, there sure is a lot left on economy to fill in the trade balance gaps. I guess it does not matter, there is always required amount of dollars available for export, which  can be produced at no cost.

As Bernanke famously points out -  "The U.S. government has a technology, called a printing press (or today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at no cost.".

So, there is no need to produce anything, whether tangible or intangible, US can just print the dollars required to import energy and all tangible goods, and focus internal activities on nursing, accounting, retail sales (and financial and law "services", which did not seem to make this list).

It's all going to be just great !

/sarcasm off 

Tue, 12/21/2010 - 14:15 | Link to Comment Bearster
Bearster's picture

I can see the headline line "Unexpected snow in womendom leads to retail miss."

Tue, 12/21/2010 - 14:20 | Link to Comment Dick Darlington
Dick Darlington's picture

Can see that too. I can also see the headline "FED decided to expand it's balance sheet another trillion due to bad weather".

Tue, 12/21/2010 - 14:18 | Link to Comment Cleanclog
Cleanclog's picture

Even a woman economist from BofA on CNBC.  And bullish!

Tue, 12/21/2010 - 14:20 | Link to Comment johngerard
johngerard's picture

Is there an ETF in women available?

Tue, 12/21/2010 - 14:24 | Link to Comment Dr. No
Dr. No's picture

Yeah but to get in will cost you.

Tue, 12/21/2010 - 14:30 | Link to Comment NotApplicable
NotApplicable's picture

Oprah.

Tue, 12/21/2010 - 16:08 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Should we start crying now?

Tue, 12/21/2010 - 16:35 | Link to Comment knukles
knukles's picture

LOL

Here's something shiny to stare at.  Take your mind off watchu were thinkin'.  

Tue, 12/21/2010 - 14:47 | Link to Comment sushi
sushi's picture

What about available women? Any listings?

Of course as soon as I add them to my portfolio I know they will just go down.

Tue, 12/21/2010 - 16:19 | Link to Comment High Plains Drifter
High Plains Drifter's picture

What do you mean?  Face down , ass up, ala Ford Fairlane?

Tue, 12/21/2010 - 19:40 | Link to Comment StychoKiller
StychoKiller's picture

"You win again, Gravity!"  -- Zap Brannigan

Tue, 12/21/2010 - 14:23 | Link to Comment etrader
etrader's picture

Another plausible CNBC feminine "News-alert":

Dispite Heavy buying of IPads Apple misses its Monthly estimate......

Tue, 12/21/2010 - 14:24 | Link to Comment -Michelle-
-Michelle-'s picture

...and leaves the markets pregnant with anxiety...

Tue, 12/21/2010 - 14:35 | Link to Comment Don Birnam
Don Birnam's picture

+1

Tue, 12/21/2010 - 15:05 | Link to Comment Uncle Remus
Uncle Remus's picture

But who's the daddy?

Ben?!?

Tue, 12/21/2010 - 14:25 | Link to Comment Robert Neville
Robert Neville's picture

“As a result, the ongoing shift away from a manufacturing-based economy to a knowledge-based one should overwhelmingly help women.”

As we move away from actually producing the things we need to live, women will be better off than men while we sit in the dark freezing and starving, because they know things.

 

 

Tue, 12/21/2010 - 14:35 | Link to Comment the not so migh...
the not so mighty maximiza's picture

that was hillarious

Tue, 12/21/2010 - 14:36 | Link to Comment Dick Darlington
Dick Darlington's picture

lol

Tue, 12/21/2010 - 15:08 | Link to Comment Uncle Remus
Uncle Remus's picture

[Women] sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

Apologies to George Orwell.

Tue, 12/21/2010 - 16:34 | Link to Comment High Plains Drifter
High Plains Drifter's picture

No, women sleep peaceably in their beds because they have headaches and are not in the mood.

Tue, 12/21/2010 - 18:50 | Link to Comment Uncle Remus
Uncle Remus's picture

You win.

Tue, 12/21/2010 - 17:01 | Link to Comment e_goldstein
e_goldstein's picture

and as we sit there starving and freezing in the dark we will be entertained with a chorus of

"I told you so."

Tue, 12/21/2010 - 14:31 | Link to Comment TheProphet
TheProphet's picture

This is singularly the dumbest piece of "research" I have ever read.

Tue, 12/21/2010 - 14:38 | Link to Comment Cdad
Cdad's picture

Well...don't be so hasty now.  This is the year of self-gifting...and I think women are the best at doing that.

However, and whatever the case may be [by which I mean I don't have a clue about much of anything anymore], I would highly recommend NOT GOING LONG LITTLE MISS EURO...'cause that will almost certainly end in disease.

Just sayin'....

Tue, 12/21/2010 - 14:46 | Link to Comment Problem Is
Problem Is's picture

Eric Holder taught me what an "Empty Suit" is...

These guys just taught me what an "Empty Cubicle" is...

I guess you had to churn out something at the last minute to collect your bonus and party on home...

Tue, 12/21/2010 - 15:07 | Link to Comment knukles
knukles's picture

Well fuck, whaddya expect?  Its shiny, by, about and for women.

Tue, 12/21/2010 - 14:39 | Link to Comment Problem Is
Problem Is's picture

Ethan Harris and Neil Dutta
Let's award these guys a couple of Econ PhDs from top schools for their brilliant and empirically tested analysis...

Oh Wait...
You can't empirically test an economic theory...

Economics: The dismal social study...

Tue, 12/21/2010 - 14:37 | Link to Comment Cinfultreat
Cinfultreat's picture

Every female I know spends every dollar they make and whatever their man has left over.

Tue, 12/21/2010 - 14:42 | Link to Comment -Michelle-
-Michelle-'s picture

You need to meet better women.

Tue, 12/21/2010 - 16:02 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Would you care to elaborate please?

Tue, 12/21/2010 - 16:25 | Link to Comment -Michelle-
-Michelle-'s picture

Not much to elaborate on.  Once upon a time, most women prided themselves on being good managers of their homes, including the budgets.  It's rarer today, but not impossible to find.

Tue, 12/21/2010 - 16:30 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Is that kind of like buscuits in the oven and buns in bed?

Tue, 12/21/2010 - 16:44 | Link to Comment knukles
knukles's picture

More like unclogging the disposal and oiling the Cuisinart.

(LOL  I pissed somebody off Royale today.) 

Tue, 12/21/2010 - 16:56 | Link to Comment High Plains Drifter
High Plains Drifter's picture

You know how it is. You can't live with them and you can't live with them.

Tue, 12/21/2010 - 17:30 | Link to Comment Rainman
Rainman's picture

...and that's why husbands overwhelmingly die before their wives. They just want to.

Tue, 12/21/2010 - 18:44 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Oh goody. That's the time we get 70 virgins, isn't it?

Tue, 12/21/2010 - 14:44 | Link to Comment Seer
Seer's picture

And you can't figure out why it happens to you?

Tue, 12/21/2010 - 14:38 | Link to Comment Tic tock
Tic tock's picture

...and if GS wants to benefit from this employment shift they should keep more women in executive positions, who understand this paradigm shift (McKinsey)

Tue, 12/21/2010 - 16:59 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Who, more women in executive positions at the squid. Who, like Blythe?

Tue, 12/21/2010 - 14:40 | Link to Comment Caviar Emptor
Caviar Emptor's picture

You go, girls! Sherwin-Williams is flying today as UGG opens a flagship store in New Yawk with a velvet rope. 

The Trickle Me! economy will be minting a million new yupettes every minute of every day. Say bye bye old yuppie guy (old, boring, dowdy, borg-like working stiff in a Beamer playing with himself). Say 'Hello Kitty' to the Yupette!! Vibrant plucky fems with places to go, stuff to buy and purses bursting open to spend! 

 

In the Trickle Me! economy, we don't take on debt in the hope that a booming economy will make it easy to repay. We expect to get showered with luscious liquid honey that originates at the Fed and trickles down all the way through the high end and the rich and into our pockets. And the Fed and global central banks have definitely invented the perpetual motion money machine. It's already happening! Tiffany's needs workers! 

Tue, 12/21/2010 - 14:44 | Link to Comment Seer
Seer's picture

++

Tue, 12/21/2010 - 14:41 | Link to Comment Racer
Racer's picture

If they say women do most of the shopping, then it is far more likely they will spend a lot less... because they will see the massive inflation in things that are needed for the basics necessities of life. Unlike the stupid inflation figures put out the the government that ignores essentials as being too 'volatile', when they really exclude it because the only thing 'volatile' about it is that they keep going in one direction...UP.

So women will cut back because of the real need to cut back

Tue, 12/21/2010 - 14:41 | Link to Comment Trundle
Trundle's picture

Not the worst.  The worst was late 2008 when some stooge on Bloomberg saying that the release of Windows 7 would usher in huge growth potential throughout the World.

Even Tom Keene, the moderator, who usually is able to keep a straight face through the usual blovation and lies of the guests, was incredulous and stupefied at the delusion. 

How about "Women buying Windows 7" as a recovery Meme?

 

Tue, 12/21/2010 - 14:46 | Link to Comment etrader
Tue, 12/21/2010 - 14:48 | Link to Comment Problem Is
Problem Is's picture

"How about "Women buying Windows 7" as a recovery Meme?"

What if Jobs introduced the disposable iPad?

Tue, 12/21/2010 - 15:10 | Link to Comment knukles
knukles's picture

Comment of the Year.

++++++++++++++++++++Priceless

Tue, 12/21/2010 - 14:42 | Link to Comment macholatte
macholatte's picture

I'd like to see the stats along a racial-ethnic bias.   Are most nurses really from the Phillipines? 

Is this the net affect of 40 years of affirmative action?

 

Tue, 12/21/2010 - 16:20 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Yeh and most of the doctors are from India or Pakistan too.

Tue, 12/21/2010 - 14:44 | Link to Comment DisparityFlux
DisparityFlux's picture

How many wars have been started by disgruntled, disaffected, testosterone fueled, angry men?

How many wars have been fought over rich, beautiful, powerful women?

Yes, the future is going to be exciting; a knowledge-based, shopper's paradise.

Tue, 12/21/2010 - 14:57 | Link to Comment dwdollar
dwdollar's picture

Yessir, a veritable age of reason - like the one they had in France.

Tue, 12/21/2010 - 14:50 | Link to Comment inkt2002
inkt2002's picture

Who cares about woman.  Buy the dip!

Tue, 12/21/2010 - 15:11 | Link to Comment knukles
knukles's picture

Oh fuck.  I married one when I's supposed to buy it?

No wonder.......

Tue, 12/21/2010 - 14:50 | Link to Comment Lulzum Vincit Omnia
Lulzum Vincit Omnia's picture

Bitches bitchez!

Tue, 12/21/2010 - 15:08 | Link to Comment surferthx1138
surferthx1138's picture

Thus we have a name for the exchange. Just need someone to do the measurements er 'charts' .....hmmm

Tue, 12/21/2010 - 15:10 | Link to Comment Kilgore Trout
Kilgore Trout's picture

First funny bitchez comment I've seen in months.

Tue, 12/21/2010 - 14:53 | Link to Comment centerline
centerline's picture

OT...

http://www.kickstarter.com/projects/1259033066/first-interactive-book-no...

Bill Still's latest.  KD has a post with a video that is worth watching as well...

http://market-ticker.org/akcs-www?post=175538

Tue, 12/21/2010 - 14:54 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

So if grandma and grandpa are broke, how the hell are they going to pay nurses?? This little inconvenience sort of gets by these Kool-aid drinking authors.

Tue, 12/21/2010 - 14:59 | Link to Comment dwdollar
dwdollar's picture

By leaving more debt for their grand kids.  Duh!

Tue, 12/21/2010 - 14:58 | Link to Comment D-Falt
D-Falt's picture

I enjoy going long on women.  But then, when I'm all the way long, they start yelling "Ohmygawd!" and run screaming out of the bedroom.  It's truly sad.

Tue, 12/21/2010 - 16:25 | Link to Comment High Plains Drifter
High Plains Drifter's picture

http://www.youtube.com/watch?v=UOoXZe_S3wI

SIZE DOES MATTER !!! BITCH !!!!

Tue, 12/21/2010 - 16:55 | Link to Comment kaiserhoff
kaiserhoff's picture

Mistress of the month just sent me a text about her, ahem, needs so I shall be going long on a woman in about T minus four hours and counting.  These are the good old days;)

Tue, 12/21/2010 - 15:09 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

The news NAFTA was going to destroy the manufacturing base sold me on 'going long women'.  These guys are way behind the trend.  What do you call it, 'dumb monie'? 

Women have an interesting insight, not sure if it is nature or nurture that causes distinct behavioral patterns such as liking to parade in shiny metals.  I think brain chemicals have a lot to do with it though.  Woman love jewelry as much as men, but maybe more so.  They will flaunt it more than your average guy.  Then again, they do have the figure for it.  Gold's illustrious way flashes in the eye's of any who care to look, and as women are more than curious, they have the eye for it. 

Tue, 12/21/2010 - 15:01 | Link to Comment b_thunder
b_thunder's picture

noone thus far has posted  "Long Bitchez"  ??!!

Amazing....

 

Tue, 12/21/2010 - 15:02 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

Just another signpost in the collapse of this country.

Tue, 12/21/2010 - 15:22 | Link to Comment wisefool
wisefool's picture

Yes and no. Eventually its going to get back to the way it was. And not really that bad of a deal for men if you are willing to drop all your religious/ethical thought patterns and go "Full Gaia"

"When the settlers arrived in america. The rivers and air were clean. There were no taxes. The women did all the work. The white man thought he could improve on a system like that"

Or in Futurama parlance "Snoo-Snoo"; Southpark/MTV "Snooky"; Sex in the City; etc.

EDIT: The only thing we need to make sure of is that some people retain the knowledge to catch us some "Delicious Bass" like Napoleon Dynamite.

Tue, 12/21/2010 - 15:13 | Link to Comment TWORIVER
TWORIVER's picture

Funny you are responding to HAMY not HARRY.Tricksters all over the place!!!

Tue, 12/21/2010 - 15:20 | Link to Comment knukles
knukles's picture

Sounds like a DOJ, DOL, EEOC, whatthefuckever sexual harassment and discrimination suit waiting to happen. 

Tue, 12/21/2010 - 15:56 | Link to Comment the not so migh...
the not so mighty maximiza's picture

You have to buy the cow to get free milk.

 

Tue, 12/21/2010 - 16:28 | Link to Comment High Plains Drifter
High Plains Drifter's picture

You buy the cow, you have to take care of the farm then.

Tue, 12/21/2010 - 16:25 | Link to Comment velobabe
velobabe's picture

i thought maybe the most respected profession in the world.

Hooking

would of been on one of these lists, or at least a comment or two. jeeze, woman have an unlimited revenue stream going into the hooker business, NO?

hooking, can also be applied to hooking a rich man. that is what was taught to me. well, not outright, but subliminal. heck my parents didn't think my sister and i could find any men to marry us. she went to college for a business degree and got a husband. me, i just took the dowry and rannnnnnnnnn†

 

Tue, 12/21/2010 - 16:29 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Well they have the one foot rule at Rick's but they still plan on expanding in the years ahead.

Tue, 12/21/2010 - 17:09 | Link to Comment kaiserhoff
kaiserhoff's picture

An ex-gf sold jewelry on the cruise ships, Europe in summer, Caribbean in winter.  Her favorite expression was "I'm sitting on a gold mine."

Tue, 12/21/2010 - 16:36 | Link to Comment Jasper M
Jasper M's picture

BITCHES, bitchez!

Tue, 12/21/2010 - 16:43 | Link to Comment UnRealized Reality
UnRealized Reality's picture

Maybe the bankster were behind the womens' movement back in the day.Expanding the money supply and consumer base and all that.

Tue, 12/21/2010 - 16:53 | Link to Comment DR
DR's picture

Men can always resort to  the Full Monty thing....

Tue, 12/21/2010 - 17:48 | Link to Comment eureka
eureka's picture

Jim O'Neill imagines himself to be Clive Owen in and amalgam of 'Children of Men', 'Shoot 'Em Up' and 'The International' - sexily casually saving leveraged civilization from the reverse antagonist, the naysaying bar-bear'ian-scum.

Tue, 12/21/2010 - 18:00 | Link to Comment greenewave
greenewave's picture

To find out more about the Imminent Collapse of the Global Economy, watch this video "Who Cares ~ What Could Possibly Go Wrong ??" at (http://www.youtube.com/watch?v=tTRxN73Iu5M).

by Anonymous

The United States economy is rotten at the core and has been stolen from the American people by the Wall Street Thieves that drove the Titanic into the iceberg in the first place!!

Tue, 12/21/2010 - 18:11 | Link to Comment TheDuke
TheDuke's picture

I recall an interview with Jim Rogers and Bernie Lo about two years ago in which they jokingly suggested on Jim's advice to go 'long women'.

Just goes to show Goldman is not the sharpest operator and would go (or would have gone) bust if not for their political connections.

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