All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: BGR who wrote (37590)	6/2/2000 8:27:00 PM
From: robnhood	Read Replies (1) of 42523

BGR,, I think that the thinking is in a serious deflation.. Systemic collapse type.. One where the value of the Dollar is seriously called into question. The sudden realization that it is only backed by debt collaterallized by rapidly depreciating assets. For example---- One of the few things that differ today from 29, is the debt incurred to buyback stock.. In 29 , they were smart enough to sell stock, and therefore could ride out the dirty 30's.. Should the market tumble, these companies will be left with mountains of debt and mediocre assets. Gold could very well shine in that environment.

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