Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (21198)	7/13/2002 12:48:51 AM
From: smolejv@gmx.net	Read Replies (1) of 74559

>> People forget that money is just a debt and a debt is a promise to do something for somebody else and promises get broken<< That's bilateral, means it can be your favourite uncle as well, who'll break his promise (sorry, who's broken his promise). From my perspective (man, Im so old-fashioned) money is not "just a debt", it's a store of value, of what "I i.e. my past work are worth". >>...which is why there should NOT be a premium on shares instead of cash...<< man, I still have to work on this one. Tell me about risks, Q. You mean it's as risky to hold cash as it is to hold stock? You mean (gasp) your adoration of the AG ("Great Uncle is shafting you") is on the wane?

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