Americans consume, on average, 51 pounds of chicken every year, 15 pounds of turkey, 63 pounds of beef, 45 pounds of pork, 1 pound of veal, and 1 pound of lamb. 'More than ever,' reports our U.S. Department of Agriculture, 'we are a nation of meat eaters.' And now, with help from Dr. Atkins and his wonder diet, we have millions of consumers gorging themselves on nothing but flesh, one excess to correct their other excesses -- no thought whatever of taking their portion of meat even if we grant that meat production and the sufferings involved are necessary.
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Historically, S&P 500 earnings growth, on average, has been negative when the dollar has appreciated 10 percent or more in a 12-month period.
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