Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GraceZ who wrote (17085)	3/20/2002 5:35:38 PM
From: Maurice Winn	Read Replies (1) of 74559

< In Feudal times, the serfs would slowly build up debt to their Lords. This debt would build up to the point where there was no possibility of it ever being paid off and it was almost impossible to service. Whenever there was a change in power, where a Lord was replaced, everyone's debt would be forgiven, back to zero. That would start the slow process of debt build up again.> Heck Grace, that would have the Lord looking over his shoulder! A judicious blow with a sword would be very tempting. Or a bit of poison in the chalice. No wonder there were battlements, knights and lots of conflict. When interest rates and P:E ratios revert to their mean, I suppose we can expect to have knights, swords and reduced life expectancy again. Mq

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next