Traits and tendencies often found in the personality pattern that we call character:
integrity justness
honesty fairness
rectitude diligence
sense of honor carefulness
high moral standards prudence
conscientiousness restraint
trustworthiness tidiness
sense of duty willingness to accept blame
courage principled conduct
intelligence foresight
common sense perseverance
self-discipline stick-to-itiveness
self-control determination
self-denial unselfishness
self-reliance seriousness
self-sacrifice caution
thriftiness chastity
Character provides stability and confidence. When character fails, there is
uncertainty and fear.
The estimate of US GDP for the third quarter came in higher than expected at
3.9% vs. 3.7% expected.
And so stocks rallied, for a while. But the enthusiasm for a recovery
faded badly into the late afternoon, as people took stocks of the state of
the world, and what they can see with their own eyes: a recovery
largely restricted to a few in the ruling class and financial interests, and a
global slump of demand.
This passive-aggressive posture towards equities in general and risk in
particular is because of the lack of reform to create a sustainable, stable
recovery fueled by organic demand for growth based across a broader
participation amongst the consumers.
You cannot have it both ways. You cannot subject the great part of a
people to fear, repression, and enforced deprivation on one hand, and expect
them to flourish and consume freely on the other.
Have a pleasant weekend.
