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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (111692)5/17/2010 2:48:42 PM
From: Steve Lokness6 Recommendations  Read Replies (2) of 116555
 
Mish;

You guys cannot tell the symptom from the disease. It's pathetic.

So what is the problem, the disease? And can people respect each others opinion if we disagree on what the "disease" is?

To me the problem is a loss of economic morality. That people and businesses and politicians no longer have a moral compass to guide them. They have been reprogrammed to do things because they can get away with it. You had an excellent comment about this some time ago addressing morality and fiduciary responsibility. It is this loss of a moral compass or lack of understanding the basic idea of a fiduciary responsibility that gave us the likes of Enron, and Madoff and GS shenanigans. You can peck at the edges of this by attacking unions - but by doing that the working man pays the price while the real evil of misallocation of money in an economy continues.

steve
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