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To: Cogito Ergo Sum who wrote (39241)10/7/2003 3:43:12 AM
From: Seeker of Truth  Respond to of 74559
 
Hi KastelCo, (I suppose you are not KastelCorp because you don't have limited liability.)
"Human nature being what it is ... more folks carry balances".
For centuries, as long as there has been money, all around the world thrift has been prized as a great virtue, an almost instinctive habit even of the unintelligent. I think the 21'st century human nature, particularly in the US, is something historically new. Doom awaits this oddity. Somehow society has to be organized so as to penalize spending and reward saving, in advance of horrible outcomes.
For now, in the absence of this,
buy gold, as Jay would say.
I'd modify this, at the loss of jewel like succinctness, to:
buy gold, real estate, residential or shopping centers,Canadian oil/gas trusts, some Chinese shares, a few Indian banks, the better sheltered from the above mentioned doom the better to buy.
All the best.



To: Cogito Ergo Sum who wrote (39241)10/7/2003 6:19:22 PM
From: energyplay  Read Replies (1) | Respond to of 74559
 
If you can get a 3.99 % rate on credit cards and 10-14 % on Canadian Royalty trusts, that's a nice carry....

Since large parts of the dividends are non-taxable (return of capital) might be a very nice deal.