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On a positive note, Michael, I don't really believe that ethics have
disappeared but have been in a cyclical decline which will be reversed after the
business of payback has been finished. This is where the intermingling of
cycles, markets, crowd psychology, and politics gets really interesting. I think
you are correct ... nearly every country in the world has been over-stimulating
it's economy in the hopes of avoiding unpleasantness. This, of course, has
elevated "idolatry" as paper assets have become king. Ultimately, the false
gods will be exposed and payback will arrive. In my book, it is a matter of
"when" and not "if", but the "when" can take a long time.
Earl
<BLOCKQUOTE
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----- Original Message -----
<DIV
>From:
<A title=MikeSuesserott@xxxxxxxxxxx
href="">MichaelSuesserott
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, March 07, 2004 1:55
PM
Subject: Re: healthcare was RE: [RT]
sp500/nasdaq top
These problems (health care, tort reform, etc.) are there, but
I think theyare symptoms of a fundamental disease that has gripped not
only the US but,more or less, every nation on the globe, my own (Germany)
included. Thisdisease is the partial loss of work ethics, or even of
ethics in general -in government, law courts, business, media, everywhere.
IMHO, we need toreturn to "Plain living and high thinking", as Wordsworth
put it more than200 years ago.At the risk of getting back a few
scornful comments, here is Wordsworth'spoem, written in 1802. I confess it
touches a chord in me; maybe it will bemeaningful to some of you as
well.O FRIEND! I know not which way I must lookFor comfort, being,
as I am, oppressed,To think that now our life is only dressedFor show;
mean handy-work of craftsman, cook,Or groom! - We must run glittering like
a brookIn the open sunshine, or we are unblest:The wealthiest man
among us is the best:No grandeur now in nature or in bookDelights us.
Rapine, avarice, expense,This is idolatry; and these we adore:Plain
living and high thinking are no more:The homely beauty of the good old
causeIs gone; our peace, our fearful innocence,And pure religion
breathing household laws.Have a nice Sunday!Michael
Suesserott
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