not a problem, go ahead :)

Each generation has its own set of problems. Some of these problems are more acute than others. Each generation also has its share of villains and heroes. How many teenagers have dropped out of school despite all the warnings? How many twentysomethings ran up their new credit cards without thinking? How many thirtysomethings bought more house than they could afford hoping for appreciation and easy money? How many fortysomethings were mortgage brokers writing loans they knew would explode just to pocket their commissions? How many fiftysomethings knew the securities their firms were dealing in were junk and took millions in bonuses? How many sixtysomethings have spent all they’ve earned and not saved a dime? Age is not wisdom and youth is no excuse for conclusions based on inexperience. Gracious apology accepted.

My apologies for grossly generalizing. Given that your generation occupied nearly every position of authority in government and business – not the least of which the very financial institutions in question – during the formation and result of this current global financial mess, including its supposed “solution”, not to mention the largest single cohort of voters ever in US history and largest and wealthiest group ever of the consuming public, it follows that most of your generation must have been just like you paint yourself: frugal, hardworking and prudent when it came time to stand and be counted. It clearly stands to reason that the boomers have not had an especially preponderant effect on these negative outcomes.

“Let’s not point fingers,” say our pragmatic boomer leaders, as they are astute enough to know that all fingers will point to them and their friends.

I encourage you to enjoy your fairly acquired wealth and use your authority as you see fit. From what I have learned about you, I am sure you have already unselfishly put both to work in order to help fix the sorry situation we are all facing, even though I’m sure neither you had (nor the organization you derive your authority and wealth from had) no part in creating. Let those suffer fairly “who had the most to lose” for shirking their responsibility by not “participating” in the political process when they had the chance according to your account, including the millions of children who were in kindergarten and elementary school when IB firms and the government decided to turn the securities markets into casino tables and de-industrialize the economy that your parent’s generation sweated in factories to build for you.

My only criticism: perhaps it would have helped if you could have done a bit more to warn those apathetic kids you allude to about their responsibility to take action while you were out on one of those patriotic voter drives.

Had Enough – Why are you so bitter?

My thoughts….everything has its season, and our season of excess may be over. That’s okay with me. We’ll save more, spend less, and enjoy simple things like Sunday dinner with family and recreation like yard work and playing catch. Quaint? Yes. Boring? No. Work as recreation? Yes….thanks to a Benedicting monk I knew years ago. Bless you Fr. Joachim!!!

For 15 years I’ve marveled how we (consumers) have spent our way into oblivion. We keep raising the bar on our wants, converting them into needs, and then raising the bar again. It has to stop somewhere.

Don’t get me wrong….I’m a capitalist. But I don’t need 452 ways to buy a plasma TV. I can help regulate supply simply with my demand. I don’t need a government to do this for me.

Since starting my first full time job (48 hours/week: 75 cents/hour) at age 12 I have been employed virtually continually. I worked my way through college and graduate school as student loans, at that time, were limited to a couple of bucks for beer. I also helped register Black voters in East Texas at a time the Klan was still dynamiting Black churches. I protested a useless War that claimed the lives of several of my High School friends before they were old enough to vote or drink legally.

I have continually opposed those who would prostrate this Nation for their own selfish gains. While actively opposing these forces I noted the lack of participation by the younger generation. Those who had the most to lose did the least to prevent it.

I was imbued with frugalness from those who went through the Great Depression and World War II thus I have no debts save a small mortgage that I could write a check for. Now I am in a senior position of authority with its perks and six figure compensation. I do have retirement savings that are more than sufficient for a level of comfort that I have not regularly afforded myself. I have all of this because I have earned it. I will enjoy what I have earned without the least guilt. To those who blame others for inheriting a few pebbles in the road of life I can only say shove it.

thread in general .. imo the market is rising and testing direction flows for the coming herded exit point .. to cash out and buy up real assets** with whats left in those accounts .. but not at a loss (unless it must be) .. and to the nonsense naysayers .. didn’t (or reminder) we have a situation in the last year of locked out devestment in those said accounts

HW .. no crash wished .. but no fleecing either

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* good link: Corporatists vs. Capitalists
http://www.huffingtonpost.com/cenk-uygur/corporatists-vs-capitalis_b_288718.html
one for Kudlow:
“Capitalists believe in choice, free markets and competition. Corporatists believe in the opposite. They don’t want any competition at all.”

** homes, lots, prime business real estate, farms

That’s priceless. I’m going to plagiarize that for use with friends and family if you don’t mind.

That’s like asking what Hollywood would look like without plastic surgeons

Also today, we see more excellent economic numbers. We’re setting up for a nice economic boom in the upcoming months.