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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (17076)	2/10/2004 8:06:31 PM
From: GraceZ	Respond to of 306849

You claim a loss of trillions in savings because of the collapse of the bubble. I didn't, other idiots not unlike yourself have made this claim. You might want to drop Bill Gates a line and tell him that his vast holdings in appreciated MSFT stock aren't really savings because the US government doesn't count unrealized gains as savings until they are realized and then "saved" by being invested in something else, no matter how fungible the asset becomes. In other words if he had sold some of his shares out all the way up from the $.000002 that each share might have cost him in 1980 or so and put them into Treasury bonds yielding far lower or maybe an Aussie MMF, then he'd have been able to raise the national savings rate a few percentage points. Instead he held onto the damn things through the 80s and 90s and became a freakin billionaire and MSFT used these paper assets to buy real ones over and over again adding to the productive assets in the economy. It's something neither you nor that bozo Roach can understand about productive assets, that a way to make money is worth more than actual money.