By Douglas Todd, Religion News ServiceReligious people are more helpful and generous than others ? but only on two conditions, according to a new study published in the prestigious journal Science.University of British Columbia psychology researchers Ara Norenzayan and Azim Shariff concluded that religious people act more kindly than atheists on condition they believe their acts will enhance their reputations among their peers. The second condition is being freshly reminded, in a subconscious way, of the existence of a morally tinged God or supernatural being, the researchers said.Religious people are inclined, under these conditions, to be more giving and honest than others because their belief in God assumes the existence of an all-knowing “supernatural police” force that monitors their behavior, Norenzayan said in an interview.But once researchers remove the two conditions, Norenzayan said, “all of a sudden you don’t find any differences between the moral behavior of religious people and non-religious.”http://www.usatoday.com/news/religion/2008-10-07-morality-giving_N.htm
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What:
You may want the market to continue its’ “death spiral” because the weakness in the economy supposedly benefits Barack Obama… But I’m not going to indulge you…Take my advice or leave it. I really don’t care. people still eat food, so consumer staples will always be in demand.
(I’m more concerned about the potential collapse of GM)
CEV…
GM is toast. No other way around it. I hear they’re in discussions to possibly merge with Chrysler…
While I’ll agree there are many stock that will continue to fall, there are many others who’s PE at these prices make them bargains…
The Dead Cat Bounce is but one analysis of the current downward trend…
Stocks are way oversold…my numbers are pointing to a bottom somewhere between 7200 and 7700…
With the drop in price of commodities, this will all act like a tax break to the consumer…
I did hear one great idea for helping the real estate market…
Give 200,000 to all mortgage holders who are current…
As I’ve said before…this will be the first election where the winner is going to demand a recount…
The country was in much better shape back in 2006…
Phreedm:
I agree that GM is toast. However, I don’t believe the deal with Cerberus will go through. Chapter 11 may be inevitable.
I also like many of the price to earnings, and do see some bargains as well.
I disagree with your projected bottom. my numbers point to somewhere between 6500-7000
You’re right about the drop in commodities being essentially a tax break.
I don’t agree with the plan you describe for the real estate market. I know that it will only prolong the housing correction. People need to wake up, and realize that their houses (in a lot of areas) are not worth what they think they are. I live in an area where houses are supposedly worth $360K, but the average household income is just $37K. Thus housing is still unaffordable, and a poor match with the actual income people are receiving. The Point: the housing correction must be allowed to continue without the government’s interference.
Also; Unfortunately, I think Obama is going to win in a landslide, a recount won’t be needed.
CEH
Huh? I asked you what makes you think staples and soft commodities are oversold. So? Out with it.
Im an atheist and I donate and volunteer at the animal shelters and have done this for years. Lets get to the basics! Why do people need religion to be compassionate and kind to other human beings or animals? Until this comes naturally, we will always be in the dark ages and I do realize how very early stages of evolution we are at.
look at the CME charts for the past year in live cattle(stay out of pork) … Also how about Inbev, Campbell’s Soup, Johnson & Johnson etc (check them out on Scottrade)… Stocks associated with the bare necessities usually come back quickly after a crash.
CEH
True but we are a long way from “after”.
What:
I hope you’re wrong about that. Otherwise we’re in big trouble(like great depression kind of trouble).
CEH
The housing ponzi scheme is at the core of this economic downturn. Within one year home prices, if they simply maintain their current trajectory, will fall to their year 2000 pre-speculative bubble prices and possibly well beyond due to unemployment and frozen or falling wages. Not until then will the value of the paper held by investment banks and traditional banks be fully exposed.
WOW, what a dead cat bounce… yippeeee
That cat is dead nonetheless. I hope you are taking your winnings and leaving the table.
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