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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: maxncompany who wrote (99080)	11/18/2007 2:37:10 PM
From: Canuck Dave	Read Replies (1) \| Respond to of 312983

Weren't the French Assignats considered solid money because they were backed by seized Church lands? Only two potential sources of trouble. 1. They printed more Assignats. 2. The perceived vale of the land went down (or at least not up any more). Uh-oh. Gee, I wonder if there's an parallels for today here? CD

To: maxncompany who wrote (99080)	11/18/2007 2:42:47 PM
From: tyc:>	Read Replies (3) \| Respond to of 312983

>>but one cannot value one's wealth only in assets, while ignoring liabilities. The converse is similarly true. My point is that as a society, America's assets far outweigh its liabilities....even to the extent that its net worth has never been higher. I would hazard a guess that there has never been a richer society.... despite all the emphasis on its liabilities. (But that reflects my attitude rather than any knowledge, just as I believe the doom-sayers' words reflect an attitude.) Do you equate equate America's business with the (mis)fortunes of Ford and GM ?