Last week I was reading some stuff on Tobacco Bonds. Raising money now based on expectations of future smoking. If smoking rate goes down, many Tobacco Bonds will default. Another reason to not actually reign in tobacco. Ouch.
Indeed, tobacco is the devil's weed, Obama is trying to quit, chewing nicotine gum....that will never work. Nicotine is incredibly addictive. Any industry exec who says it is not should just be thrown in jail for crimes against humanity. I quit 8 ? 12 years ago. Long enough ago to not even remember, Long enough to consider it a solid win.
The point?
A plane crash goes down in history, something about 400 human falling to their death from the sky hit's our pysche so hard.
But smoking kill 50 people per hour, 400 killed every 8 hours.
That is like a large plane crash every 8 hours, and yet where is the outrage?
I saw cigarettes in the gas mart selling for $8 per pack, obviously that is not enough to deter someone who is addicted to cigarettes.
Comments? Think about those airplanes. Think of what costs and civil liberties we give up to keep those humans moving through the air, yet turn a blind eye to tobacco.
Short Tobacco Bonds? Don't even know how to research that. Maybe I'll ask my Morgan Stanley rep.
