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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: AC Flyer who wrote (17066)3/20/2002 5:54:24 PM
From: reaper  Read Replies (1) of 74559
 
<<The doomsters focus only on the liabilities side of the nation's household balance sheets while ignoring the asset side.>>

And the morons who owned Enron were so focused on the "asset value" and ignored the liabilities.

The reason us "doomsters" are so focused on liabilities is that asset values can prove to be fleeting (like many folks' stock investments) while the liabilities don't ever go away.

Cheers
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