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To: Maurice Winn who wrote (104804)	9/15/2001 12:42:12 AM
From: The Verve	Respond to of 152472

MQ, Great post. It sums up some of the thoughts going through my mind through the course of this entire week. You're absolutely right, a few months from now, a few years from now, this week is just gonna blend into the rest...and the world will keep marching on. Certainly there'll be some more events that'll capture our attention within the next few months, probably even longer. But I'm betting that the days in the future will be very similar to those we've experienced in the past. I dunno, maybe I'm a cynic, or perhaps I've been on this planet long enough to have gotten familiar with human nature and how it reacts to crises, the bottom line is...I don't buy the 'it's a whole new era' line of thinking. The world may seem like a more dangerous place now, but that perception will surely revert back to the mean, sooner than many think... Verve

To: Maurice Winn who wrote (104804)	9/15/2001 9:21:13 AM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 152472

hi Maurice Winn, for once i find myself largely in agreement with you... The most American thing to do is to think for yourself and protect your interests [which should include respecting other people and therefore ethical and moral standards]. Many people in SI are unAmerican. yep... The economic impact of 5000 dead people is trivial for the world's economic system and the USA's too. The value of the buildings is an insignificant part of the USA's real estate value. actually, the thing that matters on the macro level is the long-term economic ramifications of the attack, more than the immediate damage suffered. while i agree with you that the immediate damage is very small compared to the entire US (though not negligible--those 5000 dead include much of Wall St's best brainpower, and that 15-20 million of kaput prime office space represents 15-20% of NYC's such space), the real expenses will be down the line. specifically, we are going to have much higher security expenses, both on the military level and as a cost of doing business (e.g., airport and airline security measures, and the attendant increase in travel time). i expect these heightened costs will be a greater drag on aggregate corporate profitability over time than the immediate disaster. simply put, America is going to be a more expensive place to do business. hence i expect return on invested capital will go down (as already presaged in the bond yield drops).