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	<title>Comments on: Monday Night Open Thread</title>
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	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
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		<title>By: Foghorn Longhorn</title>
		<link>http://www.ritholtz.com/blog/2009/04/monday-night-open-thread/comment-page-2/#comment-166006</link>
		<dc:creator>Foghorn Longhorn</dc:creator>
		<pubDate>Tue, 28 Apr 2009 18:52:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=24832#comment-166006</guid>
		<description>All you young&#039;uns gather around the fire and listen.
In any race, the goal should be to finish first and kiss the trophy girl, get the check, yada, yada.
We are now in a race to the bottom, rebalance as it were.
So, get there first.
Ditch the yuppie lifestyle and embrace the old ways.
Move from the city, buy you a patch of dirt and own it. Build on it. Make it yours.
There is a wonderful fable I&#039;m sure you have heard of, &quot;The Ant and the Grasshopper&quot; goggle it, read it, heed it.

As for the Bboomers, they really did rebel against the system,
until Kent State.
You young&#039;uns might want to google that also.</description>
		<content:encoded><![CDATA[<p>All you young&#8217;uns gather around the fire and listen.<br />
In any race, the goal should be to finish first and kiss the trophy girl, get the check, yada, yada.<br />
We are now in a race to the bottom, rebalance as it were.<br />
So, get there first.<br />
Ditch the yuppie lifestyle and embrace the old ways.<br />
Move from the city, buy you a patch of dirt and own it. Build on it. Make it yours.<br />
There is a wonderful fable I&#8217;m sure you have heard of, &#8220;The Ant and the Grasshopper&#8221; goggle it, read it, heed it.</p>
<p>As for the Bboomers, they really did rebel against the system,<br />
until Kent State.<br />
You young&#8217;uns might want to google that also.</p>
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		<title>By: Greg0658</title>
		<link>http://www.ritholtz.com/blog/2009/04/monday-night-open-thread/comment-page-2/#comment-166003</link>
		<dc:creator>Greg0658</dc:creator>
		<pubDate>Tue, 28 Apr 2009 18:44:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=24832#comment-166003</guid>
		<description>pss - I intended to mention .. just who is having the babies today .. imo .. a) those doing it cause it happens when the brain in the pants has its say ... b) those who need the benefits that come along from a compassionate society .... c) those who want to carry on the tribe genes for its/their survival
and
d) those who still believe in the happyness and purpose of a familyman / that the kids can overcome this world if given a chance</description>
		<content:encoded><![CDATA[<p>pss &#8211; I intended to mention .. just who is having the babies today .. imo .. a) those doing it cause it happens when the brain in the pants has its say &#8230; b) those who need the benefits that come along from a compassionate society &#8230;. c) those who want to carry on the tribe genes for its/their survival<br />
and<br />
d) those who still believe in the happyness and purpose of a familyman / that the kids can overcome this world if given a chance</p>
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		<title>By: Greg0658</title>
		<link>http://www.ritholtz.com/blog/2009/04/monday-night-open-thread/comment-page-2/#comment-165995</link>
		<dc:creator>Greg0658</dc:creator>
		<pubDate>Tue, 28 Apr 2009 18:26:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=24832#comment-165995</guid>
		<description>jankynoname says on April 28th, 2009 at 1:12 pm ... I hear ya J and at double your age I&#039;ll take a minute to set you straight as I see it ... our USA world post WWII was ruled by the so called Greatest Generation who defeated a single world terrorist with many country tenticles ... they returned from that hell * (and some others infiltrated I&#039;m sure) and had a Generation of babies that grew up and doubled the world population in a short time .. thats good for the business sector ... now as the boomers grew up and started to request from the Greatest Generations setup system for retirement a pyramidal problem started to show ... so for the tribes survival the system engineers dreamed up getting a disenfranchised population into the American Dream and set them up with factories using our savings ... now the top down trickle down is doing what it does - ReBalance .... I have no palatable advice for myself .. let alone you

* now having the view that forgiveness is devine and a rare commodity deepest at heart .. I ditto &quot;I have no palatable advice for myself .. let alone you&quot;</description>
		<content:encoded><![CDATA[<p>jankynoname says on April 28th, 2009 at 1:12 pm &#8230; I hear ya J and at double your age I&#8217;ll take a minute to set you straight as I see it &#8230; our USA world post WWII was ruled by the so called Greatest Generation who defeated a single world terrorist with many country tenticles &#8230; they returned from that hell * (and some others infiltrated I&#8217;m sure) and had a Generation of babies that grew up and doubled the world population in a short time .. thats good for the business sector &#8230; now as the boomers grew up and started to request from the Greatest Generations setup system for retirement a pyramidal problem started to show &#8230; so for the tribes survival the system engineers dreamed up getting a disenfranchised population into the American Dream and set them up with factories using our savings &#8230; now the top down trickle down is doing what it does &#8211; ReBalance &#8230;. I have no palatable advice for myself .. let alone you</p>
<p>* now having the view that forgiveness is devine and a rare commodity deepest at heart .. I ditto &#8220;I have no palatable advice for myself .. let alone you&#8221;</p>
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		<title>By: Greg0658</title>
		<link>http://www.ritholtz.com/blog/2009/04/monday-night-open-thread/comment-page-2/#comment-165985</link>
		<dc:creator>Greg0658</dc:creator>
		<pubDate>Tue, 28 Apr 2009 18:02:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=24832#comment-165985</guid>
		<description>adavydov says at April 28th, 2009 at 8:33 am .. just about what I&#039;m thinking for sometime now ....
pirates pirates everywhere .. doing what folks do when the system is falling apart for their tribe

JD lists 20 at April 27th, 2009 at 11:37 pm .. I was with ya for a while .. then the &quot;Conservative&quot; view - we don&#039;t need no stinkin system started to roll .. freemarket capitalism is the way to dah dah dah dah da

Conservative - what a fractured definition word these days ... bring babies into the world (then they are on their own) because every breathing being is a meal ticket to a Conservative .... no homosexual equal rights because they skate the previous enactment system .... if a tribe doesn&#039;t match the ideology kill it financially or physically

IMO its now time for the world to accept a new financial pay system for work and commodity disbursements
... since that ain&#039;t gonna happen .. and the powers will continue to use government .. it&#039;s time to get lite on the feet .. there goes the neighborhood

ps - and Senator Arlen Specter way to go - I liked you even with the R</description>
		<content:encoded><![CDATA[<p>adavydov says at April 28th, 2009 at 8:33 am .. just about what I&#8217;m thinking for sometime now &#8230;.<br />
pirates pirates everywhere .. doing what folks do when the system is falling apart for their tribe</p>
<p>JD lists 20 at April 27th, 2009 at 11:37 pm .. I was with ya for a while .. then the &#8220;Conservative&#8221; view &#8211; we don&#8217;t need no stinkin system started to roll .. freemarket capitalism is the way to dah dah dah dah da</p>
<p>Conservative &#8211; what a fractured definition word these days &#8230; bring babies into the world (then they are on their own) because every breathing being is a meal ticket to a Conservative &#8230;. no homosexual equal rights because they skate the previous enactment system &#8230;. if a tribe doesn&#8217;t match the ideology kill it financially or physically</p>
<p>IMO its now time for the world to accept a new financial pay system for work and commodity disbursements<br />
&#8230; since that ain&#8217;t gonna happen .. and the powers will continue to use government .. it&#8217;s time to get lite on the feet .. there goes the neighborhood</p>
<p>ps &#8211; and Senator Arlen Specter way to go &#8211; I liked you even with the R</p>
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		<title>By: jankynoname</title>
		<link>http://www.ritholtz.com/blog/2009/04/monday-night-open-thread/comment-page-2/#comment-165957</link>
		<dc:creator>jankynoname</dc:creator>
		<pubDate>Tue, 28 Apr 2009 17:12:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=24832#comment-165957</guid>
		<description>@ Bruce in TN

&quot;I will again put the very simple question to you: If your generation doesn’t demand a balanced budget amendment, WHERE is the guarantee you won’t be bled to pay the debt service the same way my generation was?&quot;

The baby boomers are at fault here, and you guys can&#039;t just claim you were powerless over this.  I mean the &quot;guarantee&quot; that we won&#039;t debt spend like you guys is the simple fact that no one&#039;s going to want to finance us.  I&#039;m 25 yrs old.  I&#039;m betting that sometime in the next 5-10 yrs the spigot is going to run dry on China and Japan subsidizing your oversized standard of living.  And the result - my generation will live at a much lower standard than you guys did!  That&#039;s BS.  We&#039;re going to have to work till were 75 and pay effective tax rates &gt;50% (on income and cap gains) just to clean up this stinking pile of dung you&#039;ve left us with.  I&#039;m not saying my generation is all that virtuous... I&#039;m sure if we could live way beyond our means like the boomers we absolutely would.  But it&#039;s just not going to work out for us.  

Obviously unexpected things are going to happen that&#039;s going to force additional spending to respond to emergencies etc.  That&#039;s why it&#039;s not enough to run a &quot;balanced budget.&quot;  You have to plan to run a surplus every single year - mandate it.  And then when the Katrina&#039;s and 9-11s and Modzillas come and reak havoc in our country we&#039;ll have a cushion to absorb it.  So thanks for selling us into indentured servitude.  I just hope my Chinese massa&#039; will treat me well after you&#039;re long gone.</description>
		<content:encoded><![CDATA[<p>@ Bruce in TN</p>
<p>&#8220;I will again put the very simple question to you: If your generation doesn’t demand a balanced budget amendment, WHERE is the guarantee you won’t be bled to pay the debt service the same way my generation was?&#8221;</p>
<p>The baby boomers are at fault here, and you guys can&#8217;t just claim you were powerless over this.  I mean the &#8220;guarantee&#8221; that we won&#8217;t debt spend like you guys is the simple fact that no one&#8217;s going to want to finance us.  I&#8217;m 25 yrs old.  I&#8217;m betting that sometime in the next 5-10 yrs the spigot is going to run dry on China and Japan subsidizing your oversized standard of living.  And the result &#8211; my generation will live at a much lower standard than you guys did!  That&#8217;s BS.  We&#8217;re going to have to work till were 75 and pay effective tax rates &gt;50% (on income and cap gains) just to clean up this stinking pile of dung you&#8217;ve left us with.  I&#8217;m not saying my generation is all that virtuous&#8230; I&#8217;m sure if we could live way beyond our means like the boomers we absolutely would.  But it&#8217;s just not going to work out for us.  </p>
<p>Obviously unexpected things are going to happen that&#8217;s going to force additional spending to respond to emergencies etc.  That&#8217;s why it&#8217;s not enough to run a &#8220;balanced budget.&#8221;  You have to plan to run a surplus every single year &#8211; mandate it.  And then when the Katrina&#8217;s and 9-11s and Modzillas come and reak havoc in our country we&#8217;ll have a cushion to absorb it.  So thanks for selling us into indentured servitude.  I just hope my Chinese massa&#8217; will treat me well after you&#8217;re long gone.</p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2009/04/monday-night-open-thread/comment-page-2/#comment-165915</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Tue, 28 Apr 2009 15:51:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=24832#comment-165915</guid>
		<description>adavydov Says: 
April 28th, 2009 at 8:33 am 

In private, with my family and loved ones, I am talking about the sh!t that I am way too scared to express to my clients. It is extremely difficult these days to streamline my personal beliefs with what I see happening all around us…lots of cognitive dissonance!

much like that, other things related to Golf, and the Hound Dog..</description>
		<content:encoded><![CDATA[<p>adavydov Says:<br />
April 28th, 2009 at 8:33 am </p>
<p>In private, with my family and loved ones, I am talking about the sh!t that I am way too scared to express to my clients. It is extremely difficult these days to streamline my personal beliefs with what I see happening all around us…lots of cognitive dissonance!</p>
<p>much like that, other things related to Golf, and the Hound Dog..</p>
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		<title>By: rachel</title>
		<link>http://www.ritholtz.com/blog/2009/04/monday-night-open-thread/comment-page-2/#comment-165905</link>
		<dc:creator>rachel</dc:creator>
		<pubDate>Tue, 28 Apr 2009 15:11:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=24832#comment-165905</guid>
		<description>I, too, think that I have had something like the swine flu. I left Boston, felt sick and then sicker in LA and Palm Springs, and ended up in the hospital at Rancho Mirage with undiagnosed respiratory and stomach problems.
But what I want to talk about is two facts that have been public knowledge now for a while, but have received insufficent attention.  Frank Rich said that Summers was working for a hedge fund WHILE he was president of Harvard. If you know what Harvard is now going through because of the disastrous loss of endowment income closely tied to Summers&#039; preferences for derivatives, this merits more anger than it has had. How can this guy be Obama&#039;s spokesperson on the economy? I think this is a terrible mistake.
The threads that tie everyone important in the economic disaster and its putative recovery put GS at center stage all the time. These guys are still making money!!! They are responsible for the losses the rest of us have endured in our retirement and college savings, not to mention the loss of jobs for many people across the boards. Why are they still in power? Why are they still being rewarded? Can this be stopped?</description>
		<content:encoded><![CDATA[<p>I, too, think that I have had something like the swine flu. I left Boston, felt sick and then sicker in LA and Palm Springs, and ended up in the hospital at Rancho Mirage with undiagnosed respiratory and stomach problems.<br />
But what I want to talk about is two facts that have been public knowledge now for a while, but have received insufficent attention.  Frank Rich said that Summers was working for a hedge fund WHILE he was president of Harvard. If you know what Harvard is now going through because of the disastrous loss of endowment income closely tied to Summers&#8217; preferences for derivatives, this merits more anger than it has had. How can this guy be Obama&#8217;s spokesperson on the economy? I think this is a terrible mistake.<br />
The threads that tie everyone important in the economic disaster and its putative recovery put GS at center stage all the time. These guys are still making money!!! They are responsible for the losses the rest of us have endured in our retirement and college savings, not to mention the loss of jobs for many people across the boards. Why are they still in power? Why are they still being rewarded? Can this be stopped?</p>
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		<title>By: Foghorn Longhorn</title>
		<link>http://www.ritholtz.com/blog/2009/04/monday-night-open-thread/comment-page-2/#comment-165895</link>
		<dc:creator>Foghorn Longhorn</dc:creator>
		<pubDate>Tue, 28 Apr 2009 14:53:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=24832#comment-165895</guid>
		<description>If you want to make your computer blow up
Google
Ford + Rumsfield  + Swine Flu + Gilead + Roche</description>
		<content:encoded><![CDATA[<p>If you want to make your computer blow up<br />
Google<br />
Ford + Rumsfield  + Swine Flu + Gilead + Roche</p>
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		<title>By: Thatguy</title>
		<link>http://www.ritholtz.com/blog/2009/04/monday-night-open-thread/comment-page-2/#comment-165860</link>
		<dc:creator>Thatguy</dc:creator>
		<pubDate>Tue, 28 Apr 2009 13:47:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=24832#comment-165860</guid>
		<description>Swine Flu has been waiting 33 years for this!  Sitting, biding its time, waiting for its moment to strike.  If only we had listened back in 1976!!!!!!!
http://www.youtube.com/watch?v=ASibLqwVbsk</description>
		<content:encoded><![CDATA[<p>Swine Flu has been waiting 33 years for this!  Sitting, biding its time, waiting for its moment to strike.  If only we had listened back in 1976!!!!!!!<br />
<a href="http://www.youtube.com/watch?v=ASibLqwVbsk" rel="nofollow">http://www.youtube.com/watch?v=ASibLqwVbsk</a></p>
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		<title>By: Darkness</title>
		<link>http://www.ritholtz.com/blog/2009/04/monday-night-open-thread/comment-page-2/#comment-165848</link>
		<dc:creator>Darkness</dc:creator>
		<pubDate>Tue, 28 Apr 2009 13:26:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=24832#comment-165848</guid>
		<description>&lt;i&gt;Here in Boston, I’m wondering whether my family might actually be getting over swine flu. Everybody either had a GI version or upper respiratory or both last week. My wife and I had all of the symptoms CDC provided, not kidding. Definitely a flu, but was it THE flu? Some thinking that the swine flu has been here percolating for a few weeks but has been under the radar.&lt;/i&gt;

We were discussing the same thing. We came back from two weeks  in San Diego last month and a week later were very ill with the whole shebang of symptoms. It was like two flus at once, so it really stood out. I guess that&#039;s a happy thought for the day. Immunity is nothing to sneeze at.</description>
		<content:encoded><![CDATA[<p><i>Here in Boston, I’m wondering whether my family might actually be getting over swine flu. Everybody either had a GI version or upper respiratory or both last week. My wife and I had all of the symptoms CDC provided, not kidding. Definitely a flu, but was it THE flu? Some thinking that the swine flu has been here percolating for a few weeks but has been under the radar.</i></p>
<p>We were discussing the same thing. We came back from two weeks  in San Diego last month and a week later were very ill with the whole shebang of symptoms. It was like two flus at once, so it really stood out. I guess that&#8217;s a happy thought for the day. Immunity is nothing to sneeze at.</p>
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