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Earl and all RTs,
First, the threads of the last week have
created the most chatter I’ve seen in this group for over a year.<span
> I don’t know if that has in deep
meaning of market direction but I think it’s good for all<span
> of us.
Second, if Earl is writing or has written
a book I want to
know about it . Please
post title and
where it can be purchased!?
Third, Earl mentioned the often quoted
statistic of 40% of the population being uninsured. <span
> I have no idea if this number is correct
but I do have a couple of comments:
<span
>a)<span
> <font
size=2 color=navy face=Arial>I was in the restaurant business for over 16 years (I needed an
income for my trading habit!). According
to http://www.restaurant.org/research/forecast.cfm
, there are 12 million people in the <font
size=2 color=navy face=Arial>US<font size=2
color=navy face=Arial> employed in the food service industry. <span
> Very few corporate restaurant chains and
fewer private restaurants provide health insurance due to the transitory nature
of the staff, cost/hassle of administration of a health plan, and the cost of
the insurance itself. Most servers
and bartenders make ample cash to pay for private health insurance.<span
> As one of those people, I made an
economic choice and went without health insurance until I was 38 years at which
point I got married and was covered by my wife’s insurance.<span
> Before that time I and most of my
co-workers could have paid for coverage but instead chose to have digital cable
tv, to go out to dinner countless times a month, to
drive a newer model car, etc…
Many of the “40%” without coverage could have coverage if
they sacrificed some of today’s “necessities”.
<span
>b)<span
> <font
size=2 color=navy face=Arial>As Earl mentioned we already have universal healthcare. <span
> A female server once told me not to waste
my money on health insurance because “…emergency rooms have to
treat you. I go to the hospital all
the time and don’t pay for shit.”
<span
>c)<span
> <font
size=2 color=navy face=Arial>Insurance was created to “protect against unexpected catastrophic
loss”. Today’s
insurance is expected to treat any and all medical problems not just
catastrophic losses. I’m
betting if minimum deductibles were raised to $5,000 with no co-insurance than
people would go to the doctors a lot less frequently!<span
> And Econ 100 teaches that less demand =
lower prices…. For services rendered and insurance itself.
<span
>Just a few thoughts /
comments.<span
><span
>
Howard
<span
>-----Original Message-----
From: EarlA
[mailto:earl.a@xxxxxxxxxx]
Sent: Sunday, March 07, 2004 4:10
PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: healthcare was RE:
[RT] sp500/nasdaq top
<span
>
<span
>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.
<span
>
<span
>Earl
<span
>----- Original Message -----
<font size=2
face=Arial>From:<font
size=2 face=Arial> <a
href="" title="MikeSuesserott@xxxxxxxxxxx">MichaelSuesserott
<span
>To:<font
size=2 face=Arial> <a
href="" title="realtraders@xxxxxxxxxxxxxxx">realtraders@xxxxxxxxxxxxxxx
<span
>Sent:<font
size=2 face=Arial> Sunday,
March 07, 2004 1:55 PM
<span
>Subject:<font
size=2 face=Arial> Re:
healthcare was RE: [RT] sp500/nasdaq top
<span
>
<span
>These problems (health care, tort reform, etc.) are
there, but I think they
are 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. This
disease is the partial loss of work ethics, or even of ethics in general -
in government, law courts, business, media, everywhere. IMHO, we need to
return to "Plain living and high thinking", as Wordsworth put it more
than
200 years ago.
At the risk of getting back a few scornful comments, here is Wordsworth's
poem, written in 1802. I confess it touches a chord in me; maybe it will be
meaningful to some of you as well.
O FRIEND! I know not which way I must look
For comfort, being, as I am, oppressed,
To think that now our life is only dressed
For show; mean handy-work of craftsman, cook,
Or groom! - We must run glittering like a brook
In the open sunshine, or we are unblest:
The wealthiest man among us is the best:
No grandeur now in nature or in book
Delights 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 cause
Is gone; our peace, our fearful innocence,
And pure religion breathing household laws.
Have a nice Sunday!
Michael Suesserott
<span
>
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