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	<title>Comments on: Kicking Our Addiction to Debt</title>
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	<link>http://www.ritholtz.com/blog/2008/12/kicking-our-addiction-to-debt/</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2008/12/kicking-our-addiction-to-debt/comment-page-2/#comment-131492</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Mon, 08 Dec 2008 12:09:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12036#comment-131492</guid>
		<description>these auto-emoticons, from above:  e.g. 12.50 x ..  Blow.

was 12.50 x  8</description>
		<content:encoded><![CDATA[<p>these auto-emoticons, from above:  e.g. 12.50 x ..  Blow.</p>
<p>was 12.50 x  8</p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2008/12/kicking-our-addiction-to-debt/comment-page-2/#comment-131481</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Mon, 08 Dec 2008 04:26:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12036#comment-131481</guid>
		<description>lb, 

tres` True re: Winnie&#039;s point:  S-O-L-V-E-N-C-Y.  Something that, in effect, we will not recover until we understand that &#039;Solvents&#039; are, as well, a valuable Feedstock..
http://www.osha.gov/SLTC/solvents/index.html

re:GOOG, seeing that they&#039;re reporting ~U$D 16/sh., the move from ~725 to ~250 was the EZ part..
http://finance.yahoo.com/q?s=Goog

going fwd: if We break for Freedom, part of which would entail understanding what these guys:
http://www.icerocket.com/search?tab=blog&amp;fr=h&amp;q=SCROOGLE.ORG , along with EFF y EPIC (not ticker symbols) are talking about..if not, and we keep on our headlong rush toward a Society that looks, ever more, like the PROC&#039;s, low-Triple digit quotes may prove to be the lower-bound. (e.g. 12.50 x 8) 
~~

Winnie ,

Your point was, indeed, a Good one.  With that, I am glad that I was able to pick up on it.  Though, of course, if there is anything that you wanted to add--to my divination, certainly, please do so.. 

and, lb, 

this: &quot;I am so, with you, on this, Brother. Great company, GOOG, mind you, but, seriously, the P/E must tumble during Bonfire of the Vanities, Part DEUX. This, punctuation, obsession, Mark, can be contagious. 

Best, lb.&quot;

is, to the consternation of, too, many, well punctuated.  : )</description>
		<content:encoded><![CDATA[<p>lb, </p>
<p>tres` True re: Winnie&#8217;s point:  S-O-L-V-E-N-C-Y.  Something that, in effect, we will not recover until we understand that &#8216;Solvents&#8217; are, as well, a valuable Feedstock..<br />
<a href="http://www.osha.gov/SLTC/solvents/index.html" rel="nofollow">http://www.osha.gov/SLTC/solvents/index.html</a></p>
<p>re:GOOG, seeing that they&#8217;re reporting ~U$D 16/sh., the move from ~725 to ~250 was the EZ part..<br />
<a href="http://finance.yahoo.com/q?s=Goog" rel="nofollow">http://finance.yahoo.com/q?s=Goog</a></p>
<p>going fwd: if We break for Freedom, part of which would entail understanding what these guys:<br />
<a href="http://www.icerocket.com/search?tab=blog&amp;fr=h&amp;q=SCROOGLE.ORG" rel="nofollow">http://www.icerocket.com/search?tab=blog&amp;fr=h&amp;q=SCROOGLE.ORG</a> , along with EFF y EPIC (not ticker symbols) are talking about..if not, and we keep on our headlong rush toward a Society that looks, ever more, like the PROC&#8217;s, low-Triple digit quotes may prove to be the lower-bound. (e.g. 12.50 x <img src='http://www.ritholtz.com/blog/wp-includes/images/smilies/icon_cool.gif' alt='8)' class='wp-smiley' /><br />
~~</p>
<p>Winnie ,</p>
<p>Your point was, indeed, a Good one.  With that, I am glad that I was able to pick up on it.  Though, of course, if there is anything that you wanted to add&#8211;to my divination, certainly, please do so.. </p>
<p>and, lb, </p>
<p>this: &#8220;I am so, with you, on this, Brother. Great company, GOOG, mind you, but, seriously, the P/E must tumble during Bonfire of the Vanities, Part DEUX. This, punctuation, obsession, Mark, can be contagious. </p>
<p>Best, lb.&#8221;</p>
<p>is, to the consternation of, too, many, well punctuated.  : )</p>
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		<title>By: leftback</title>
		<link>http://www.ritholtz.com/blog/2008/12/kicking-our-addiction-to-debt/comment-page-2/#comment-131426</link>
		<dc:creator>leftback</dc:creator>
		<pubDate>Sun, 07 Dec 2008 20:03:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12036#comment-131426</guid>
		<description>@ Winston Munn Says: December 6th, 2008 at 1:05 pm 
Seems everyone misses the point. Debt is not the problem. Credit is not the problem. The problem is:
S-O-L-V-E-N-C-Y 

Brilliant. Thanks for this simple point. Citi, AIG, and many many Americans are all BROKE.</description>
		<content:encoded><![CDATA[<p>@ Winston Munn Says: December 6th, 2008 at 1:05 pm<br />
Seems everyone misses the point. Debt is not the problem. Credit is not the problem. The problem is:<br />
S-O-L-V-E-N-C-Y </p>
<p>Brilliant. Thanks for this simple point. Citi, AIG, and many many Americans are all BROKE.</p>
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		<title>By: leftback</title>
		<link>http://www.ritholtz.com/blog/2008/12/kicking-our-addiction-to-debt/comment-page-2/#comment-131425</link>
		<dc:creator>leftback</dc:creator>
		<pubDate>Sun, 07 Dec 2008 20:01:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12036#comment-131425</guid>
		<description>@ Mark and SB: nice point, peak-GOOG has been seen, keep an peeled for double-digit GOOG quotes–they’ll be the new Black.

I am so, with you, on this, Brother. Great company, GOOG, mind you, but, seriously, the P/E must tumble during Bonfire of the Vanities, Part DEUX. This, punctuation, obsession, Mark, can be contagious. 

Best, lb.</description>
		<content:encoded><![CDATA[<p>@ Mark and SB: nice point, peak-GOOG has been seen, keep an peeled for double-digit GOOG quotes–they’ll be the new Black.</p>
<p>I am so, with you, on this, Brother. Great company, GOOG, mind you, but, seriously, the P/E must tumble during Bonfire of the Vanities, Part DEUX. This, punctuation, obsession, Mark, can be contagious. </p>
<p>Best, lb.</p>
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		<title>By: royrogers</title>
		<link>http://www.ritholtz.com/blog/2008/12/kicking-our-addiction-to-debt/comment-page-2/#comment-131347</link>
		<dc:creator>royrogers</dc:creator>
		<pubDate>Sun, 07 Dec 2008 15:16:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12036#comment-131347</guid>
		<description>philipat Says:
December 6th, 2008 at 7:26 am

The difference this time is, IMHO, that the game is over. Whatever Washington throws at this, it is going to take time to heal. And during that time there will be pain and an inevitable adjustment in standards on all sides. Unless America can start to produce something that the world wants to buy, living standards are going down. This, of course, was always the less pubicised part of globalisation?
........................................................................................................................................

Right now, America is producing something that the whole world wants to buy.... US treasuries and
bonds.  So America is still doing something productive after the subprime collapse.</description>
		<content:encoded><![CDATA[<p>philipat Says:<br />
December 6th, 2008 at 7:26 am</p>
<p>The difference this time is, IMHO, that the game is over. Whatever Washington throws at this, it is going to take time to heal. And during that time there will be pain and an inevitable adjustment in standards on all sides. Unless America can start to produce something that the world wants to buy, living standards are going down. This, of course, was always the less pubicised part of globalisation?<br />
&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.</p>
<p>Right now, America is producing something that the whole world wants to buy&#8230;. US treasuries and<br />
bonds.  So America is still doing something productive after the subprime collapse.</p>
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		<title>By: philipat</title>
		<link>http://www.ritholtz.com/blog/2008/12/kicking-our-addiction-to-debt/comment-page-2/#comment-131301</link>
		<dc:creator>philipat</dc:creator>
		<pubDate>Sun, 07 Dec 2008 01:38:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12036#comment-131301</guid>
		<description>BR:

Re above, can I suggest again that a &quot;Quote&quot; facility be introduced like on most boards?</description>
		<content:encoded><![CDATA[<p>BR:</p>
<p>Re above, can I suggest again that a &#8220;Quote&#8221; facility be introduced like on most boards?</p>
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		<title>By: philipat</title>
		<link>http://www.ritholtz.com/blog/2008/12/kicking-our-addiction-to-debt/comment-page-2/#comment-131300</link>
		<dc:creator>philipat</dc:creator>
		<pubDate>Sun, 07 Dec 2008 01:36:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12036#comment-131300</guid>
		<description>OkieLawyer:

Please read again. I was quoting someone else. I&#039;m with you buddy.</description>
		<content:encoded><![CDATA[<p>OkieLawyer:</p>
<p>Please read again. I was quoting someone else. I&#8217;m with you buddy.</p>
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		<title>By: philipat</title>
		<link>http://www.ritholtz.com/blog/2008/12/kicking-our-addiction-to-debt/comment-page-2/#comment-131298</link>
		<dc:creator>philipat</dc:creator>
		<pubDate>Sun, 07 Dec 2008 01:12:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12036#comment-131298</guid>
		<description>Oh shit…the average Chinese makes $2,000 a year.

Actually, it&#039;s about $1,000? And they don&#039;t BUY $20 Tshirts, they just make them and generate a 95% margin for Nike, who now can&#039;t sell them to anyone back home because nobody has a job?

If rebalancing is the answer as suggested by another poster then, well, good luck. That&#039;s not what I was suggesting. My point was that there needs to be a pragmatic balance between profit margins and not having a consumer to consume. This is especially so in an economy 65% dependent on consumption?</description>
		<content:encoded><![CDATA[<p>Oh shit…the average Chinese makes $2,000 a year.</p>
<p>Actually, it&#8217;s about $1,000? And they don&#8217;t BUY $20 Tshirts, they just make them and generate a 95% margin for Nike, who now can&#8217;t sell them to anyone back home because nobody has a job?</p>
<p>If rebalancing is the answer as suggested by another poster then, well, good luck. That&#8217;s not what I was suggesting. My point was that there needs to be a pragmatic balance between profit margins and not having a consumer to consume. This is especially so in an economy 65% dependent on consumption?</p>
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		<title>By: Winston Munn</title>
		<link>http://www.ritholtz.com/blog/2008/12/kicking-our-addiction-to-debt/comment-page-2/#comment-131296</link>
		<dc:creator>Winston Munn</dc:creator>
		<pubDate>Sun, 07 Dec 2008 00:40:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12036#comment-131296</guid>
		<description>@Mark,

Yes.  Well summarized.  Thank you.</description>
		<content:encoded><![CDATA[<p>@Mark,</p>
<p>Yes.  Well summarized.  Thank you.</p>
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		<title>By: Mannwich</title>
		<link>http://www.ritholtz.com/blog/2008/12/kicking-our-addiction-to-debt/comment-page-2/#comment-131267</link>
		<dc:creator>Mannwich</dc:creator>
		<pubDate>Sat, 06 Dec 2008 20:49:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12036#comment-131267</guid>
		<description>@cfischer:  Good question.  I guess that means we&#039;ll have to blame the naked shorts next year when the market crashes again?  Sounds great to me.  This country loves its fake scapegoats.</description>
		<content:encoded><![CDATA[<p>@cfischer:  Good question.  I guess that means we&#8217;ll have to blame the naked shorts next year when the market crashes again?  Sounds great to me.  This country loves its fake scapegoats.</p>
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