Let's end the national debt. Message Board

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Non-Tech : Let's end the national debt.

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To: Zeev Hed who wrote (7)	7/25/1999 8:01:00 PM
From: Joan Osland Graffius	Read Replies (1) of 109

Zeev, >>Well, all the treasuries are gone, what do we use when we want to move money to "safe heaven", or for that matter if someone feel that euphoria has gone so far that the only safe investment are US obligations? There will not be any just when they might be needed most... Maybe people would start buying assets at a fair price with low risk. If you believed all your assets were good investments, i.e. you had bought them at a fair price with a low risk of a loss or you can insure the risk; or in the case of speculation you could afford to loose all, you would have no reason to look for a "safe heaven". IMO, what we have today is an environment where people know they are buying over priced assets, they know the risk of some of the assets they are buying is huge, they are flat out gambling. I have no problem with gambling as long as you know you are gambling and can affort to walk out of the casino loosing all. Joan

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