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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (48402)12/29/2005 9:48:48 PM
From: UncleBigs  Respond to of 110194
 
Exactly Mish. Money doesn't rotate, it evaporates.



To: mishedlo who wrote (48402)12/30/2005 12:20:42 AM
From: FiveFour  Read Replies (1) | Respond to of 110194
 
<did the money leave or was it just destroyed?>

money does not get destroyed, value/equity evaporates, perhaps temporarily.

its a subtle but significant difference.



To: mishedlo who wrote (48402)12/30/2005 1:04:40 AM
From: Jim McMannis  Respond to of 110194
 
Their net worth went up, then down. If they didn't sell for a profit they never made the money. Therefore, it never existed.
They did feel better when it was up. So it goes in the twilight zone.