Key Hobo indicators
The fundamental hobo indicator may now be revealed. The size of cigarette butts on the ground is directly proportional to the health of the economy. The hobo is always on the lookout for a discarded butt. And when he has to smoke one very short snipe after another, then hard times are here. The original smokers are so strapped they are smoking right to the ends as not to waste a penny. To be fair, Rose Wilder Lane, in the Discovery of Freedom, was the first to note international differences between the size of discarded butts. But I believe that Bo and I are the first to track changes systematically within a country over time.
I recently made millions by applying this theory in Brazil. My agents there noted an increasing prevalence of long butts on the ground, and I rushed in to buy Brazilian stocks.
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