Fear, starbucks, and fdr mauldin economics z gas el salvador precios

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He mentioned that he’d noticed that after the civil unrest in Ferguson, Missouri, following the shooting of a young African-American man by police there, coffee sales had tanked—not just in Ferguson, but nationally. They returned quickly, but have continued to dip, briefly but significantly, if there is political or economic news that makes people feel nervous—the risk of a government shutdown, or a shooting event.

This great Nation will endure as it has endured, will revive and will prosper. So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself—nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance. In every dark hour of our national life a leadership of frankness and vigor has met with that understanding and support of the people themselves which is essential to victory. I am convinced that you will again give that support to leadership in these critical days.

In such a spirit on my part and on yours we face our common difficulties. They concern, thank God, only material things. Values have shrunken to fantastic levels; taxes have risen; our ability to pay has fallen; government of all kinds is faced by serious curtailment of income; the means of exchange are frozen in the currents of trade; the withered leaves of industrial enterprise lie on every side; farmers find no markets for their produce; the savings of many years in thousands of families are gone.

Yet our distress comes from no failure of substance. We are stricken by no plague of locusts. Compared with the perils which our forefathers conquered because they believed and were not afraid, we have still much to be thankful for. Nature still offers her bounty and human efforts have multiplied it.

What works for me is intermittent withdrawal. You don’t have to unplug for weeks. Just put your phone in a drawer and read a book. Go for a hike with your family. Take a drive in the country with music blaring. Do whatever takes your mind off that fear.

When you come back, you’ll probably make better decisions and be better prepared to face the issues that were bothering you. The result should be higher income, improved investment results, and a generally happier life. Which is the whole point, right?

Senior Economic Analyst Patrick Watson is a master in connecting the dots and finding out where budding trends are leading. Patrick has partnered with John Mauldin as the co-editor of Mauldin Economics’ premium research service, Over My Shoulder. Together, they curate research and analysis from the world’s finest thinkers, and deliver it to subscribers 3–4 times per week. You can also follow him on Twitter ( @PatrickW) to see his commentary on current events.

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