Wednesday, April 30, 2014


YOUR HEALTH

BMI - and the truth shall set you free

Maclean’s Magazine, May 5, 2014, pp. 16-17, has an interview with Dr. Carl Lavie who in his new book, The Obesity Paradox, challenges the BMI and its use to determine ‘healthy weight’.

His book is based on a meta-analysis involving 2.9 million people and 270,000 deaths.

The results: Anyone who has an overweight BMI reading of 25-30 has a 6% better chance of reaching old age than someone fit and trim, with a ‘normal’ BMI of 19 - 25.  And even those who by BMI standards are slightly obese – at BMI of 30-35 -- still have a 5% longer life expectancy than those ‘fit and healthy’ by BMI numbers.

This data confirms what I have long said on this blog: based on insurance company actuarial statistics that go back 40 years or more, people who are somewhat overweight tend to live longer.  The ideal extra weight cited in the 1970s was around 10%.

Again, Dr. Lavie confirms what insurers have long known.  When serious illness, surgery or medical treatment cause rapid weight loss, having ‘a few extra pounds’ allows a cushion so the body does not eat away at its own muscles: arm and leg and all internal organs – to stay alive. There is a tipping point at which such damage becomes terminal (i.e., you die) or results in long term muscle atrophy and other damage at the cellular level.

Dr. Lavie lists heart disease, arthritis, kidney disease, diabetes, cancer and HIV (p. 16 – middle column) as causing dangerous weight loss; and one should add the medical treatments of chemotherapy, radiation, liposuction and any medication that causes nausea and reduced appetite.

Put simply, having some extra fat on hips and bum (unlike the bad fat around the organs and belly that reduces organ function) keeps the body’s survival mode from becoming self-destructive.

Only severely obese people, with ballistic BMI numbers above  40 have significantly worse longevity rates than so-called ‘ideal’ BMI figures.

And only just under 3% of American fit this category.

So much for the obesity ‘epidemic’ that has been supposedly sweeping North America, and is being propagandized through our media, governments and schools for the last few decades.

 

Exercise ???

Dr. Lavie also recommends moderate exercise for everyone and, for the first time as I can recall, someone recommends avoiding marathon running.

He points out that blood work and heart imaging immediately after a marathon show    the same stresses as during a heart attack: namely, heart dilation and “release of substances correlated with heart attacks and heart failure.” 

Regular such racing – in practice or in competition - is, in his view, certain to cause, if not sudden heart attack, long term damage to the circulatory system.

There is no doubt in his mind that “there’s some acute damage to the heart with extreme exercise”.

 

So stick to brisk walking, swimming, bicycling, short run jogging if you must (as it caused shin and lower joint damage) and pace yourself when playing sports.

 

Put simply, while our culture has made athletes and the 6-pack lean-and-mean body or bikini-fit  the ideal – for males and females – it is not a long term ‘healthy body’ and is the enemy of longevity.

 

Try this test: Check how old your heroes were when they died – if they stayed trim                                              all their lives.

 

NOTE: For wrestler with shortened life spans see http://en.wikipedia.org/wiki/User:Skudrafan1/List_of_professional_wrestlers_who_died_young                                                                                                                                                       and  http://prowrestling.about.com/od/whatsrealwhatsfake/a/wrestlersdeaths.htm.

PS: The marathon is named after the run by the Greek soldier Pheidippides who rushed to Athens with the good news that the Persians had been defeated at Marathon, some 26 miles and 385 yards away  -- after which he collapsed and died.

Sunday, April 27, 2014


YOUR MONEY

Gold – the new LIBOR scandal?

According the Globe and Mail, March 26, 2014 B13, the world has been as naive in how it lets gold prices be fixed as it was with the LIBOR for worldwide interest rates, mortgages and securities, and recent investigations suggest price fixing may have occurred here as well. (Reuters Breakingviews, “Flaws in the fix: Why gold pricing system needs reform”)

The ‘system’, as described, is so chummy and ‘casual’ that it is beyond belief!

Twice a day at 10:30 GMT and 15:00 GMT, just five (5) bank executives  – from Barclays, Deutche Bank, HSBC, Societe Generale and Canada’s own Bank of Nova Scotia [notice American banks and Japanese or Chinese or Indian banks are absent] get together and fix the market benchmark for gold.

These ‘private conference calls’ are not recorded nor are details published. There is no oversight by any third party from government or the World Bank or the International Organization for Securities Commissions.

The price fixing usually takes only 4 to 15 minutes according to the article, but it seems that information leaks are common as reflected in price jumps or drops during or by the end of the session.

On March 3, a U.S. lawsuit was filed accusing the 5 banks of collusion in manipulating the price of gold for the last 10 years !!!!

LIBOR all over again!!!

Tuesday, April 1, 2014


YOUR MONEY

 
CANADA GOES RUDDERLESS

 
The sudden resignation by Jim Flaherty as Finance Minister --  for health and family reasons – earlier this March is already proving  disastrous for the financial future of the county within days.

Mr.  Flaherty took steps to try and prevent a housing bubble bust as years of super low bank rates, mortgage terms as long as 40 years and a Canadian Mortgage and Housing Insurance program that had lowered the bar to 5% down payment or the equivalent amount  in home-of-the-handyman renovations.

This loose money insanity has pumped the housing and condo market sale prices to astronomical levels and burdened young buyers and second time buyers  with horrendous debt.

When interest rates are to return to more normal, historic levels of over 5% prime, massive foreclosures and bankruptcy could well ensue and  hundreds of thousands of families face eviction and ruin.

Mr. Flaherty,  therefore, single handedly tightened the rules on all 3 fronts  - gradually.

However, his new replacement, Joe Oliver, has within days of taking office begun to undo Mr. Flaherty’s prudent efforts.

 As reported in the media, Mr. Oliver has told the Bank of Montreal – and any bank that gets a newspaper or listens to the radio --  that he is comfortable with 5 year mortgage rates dropping by ½% to 2.99% from 3.49%.
 
Mr. Flaherty had blocked such a move and a discount price war last year,  but our new finance minister is now on record as saying he will stay out of the housing market and let business run free.

This laissez faire approach is not wise and will soon make the housing bubble bigger and the inevitable ‘burst’ bigger, more painful, more widespread and last far longer.

The USA has taken 8 years (since 2006) to even get close to recover!  

Our smaller economy - where home construction has jumped to some  7% of the economy  --will be in far worse shape.

Thank you Mr Oliver for your lack of vision and cow towing to your banker friends.