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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: UncleBigs who wrote (66738)7/23/2006 7:59:27 PM
From: shades   of 110194
 
Lazy mans money

universal form of exchange in the world.

My russian friend had a girl from russia come stay with him - she had a gold bracelet - she could have taken the time to go to a pawn store - sell the gold bracelet with the pawn man giving her far less than kitco's price - then taken the cash to the store and bought her a dress. SHe could have just asked boyfriend for some cash and walked over to the mall and bought the dress too - too much work - she chose the lazy way.

Instead this russian princess borrowed her boyfriends credit card - got on the internet and the home shopping channel - and educated everyone how fast you could send boyfriend into bankruptcy.

People are lazy - the laziest form of money will follow the herd - meg whitman is on bloomberg TV talking about paypal this weekend and you have posted yourself UB how people are too lazy to call up or walk over to a bank and get those savings accounts into higher paying money markets/cd's. Why is mastercard selling the golden goose and doing an IPO?

bloomberg.savvislive.com
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