"Pete C." wrote in message
et...

Ignoramus22030 wrote:

On 2008-03-17, Pete C. wrote:

Ignoramus22030 wrote:

On 2008-03-17, Wes wrote:
Too_Many_Tools wrote:

And prepare for the next layoff...the economy is tanking and has not
seen the bottom.

And then there is that small matter of daily bank failures...


That Bear Sterns thing gave me the willies. Notice how fast
government can
move on approvals when it has to?

There is something rotten in our psychic when we believe in ez money
over
just plain hard effort and work to get a head. Flipping properties,
buying
over your ability to pay and believing the road a head is bright and
pothole
free. The character of our citizens is declining for the most part.

Belief in easy money is easy, because it's real.

My son, who is an economics student at a very small, fairly conservative
Southern university that turns out an exceptional number of Wall Street
tycoons, attended a Morgan Stanley presentation last week. With 1,750 total
students on campus, one of the largest halls was packed to standing-room
only.

These kids are interested because that's where the action is. It's a lively
business; there's huge money floating all around you, and the action is hot.
If you look good and you're personable -- and if you're good at calculus --
the analyst's jobs are not that hard to get. And they pay more to start, in
some cases, than I've ever made in my life.

What's not to like? Working hard is highly overrated as a way to make money.
It's not a bad way to live, but its connection to money-making has grown
pretty remote. Right?

--
Ed Huntress