IFO shared this pejorative term (fleabag) with a couple of friends a week ago as a joke, but now the term seems apt. Proven (police reports, YouTube, still photos) misbehavior like drug dealing, public defecation, destruction of public and private property, disruption of traffic and commerce… these truly are the actions befitting fleabaggers.
Somebody pointed out that since most cities where these unkempt, inarticulate people are hanging out have Democrat mayors, the campers will not be moved. Great. This will further separate people – the clean, responsible ones will move to the country or suburbs, the bums will stay downtown. This will contribute to the continued deterioration of our formerly glorious and exciting cities.
Note – the occupiers are the symptoms, not the proximate cause of the deterioration. After the boom of the 1980s, when cities all over the U.S. and the world blossomed, renewed hollowing-out of urban cores is occurring. Urban renewal, a failed government program that refuses to die, is helping the hollowing out process along.
Investment lesson: keep an eye specifically on where the companies whose stocks you own are located – HQs as well as factories/warehouses, etc. Check out the politics of the area. Also, keep an eye on commercial real estate values if you own any REITs. Then, invest appropriately.