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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (55346)	11/1/2004 4:10:05 PM
From: Snowshoe	Read Replies (2) \| Respond to of 74559

>>Savers are looked on as the suckers in the community<< It's silly to make those generalizations about savers. Suppose I'm a saver and my neighbor is a borrower. If I keep my mortgage and loan my savings to my neighbor to buy his house, I lose my house and my savings in a depression. But if I use my savings to pay off my mortgage and bury a few gold coins, I can plant a garden in the back yard and thus survive a depression. Savings are not equivalent to lending.