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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: John Pitera who wrote (85653)2/21/2001 9:42:43 AM
From: pater tenebrarum  Read Replies (1) of 86076
 
John, what has changed is that the $2 trillion have been transformed from claims into obligations (from the PoV of the debtors). besides, were the monetary authorities really to inject 2 trillion dollars, we'd have hyper-inflation and the bond market would cease to exist (they'd have to monetize a lot of debt to achieve an injection of this size).
debt must be paid back, it is a liability - stocks are an asset.
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