physical economy, slow growth; financial economy broken,The mil

simon hallett: focus on real company, not how the stock mkt works; not to have physical contact with the real company, then u fall in love with it and pay more;

j

by trav7777
on Tue, 08/09/2011 - 16:15
#1543720

 

the REAL economy is NOT on the verge of collapse. The financial economy IS. And they are holding everyone else by the nuts.

There is no reason your car won't run if the dollar vaporizes tomorrow.

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by Derpin USA
on Tue, 08/09/2011 - 16:18
#1543732

Because the real economy doesn't use the dollar as a means of exchange and its disappearance wouldn't herald a complete grinding halt to economic activity.

You trollin, brah?

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by Smiddywesson
on Tue, 08/09/2011 - 16:28
#1543794

Maybe it's because people have a lot of cash laying around and won't go hungry when the ATMs stop working, eh Trav?

Or employees won't show up when they go unpaid?

Or shelves will go empty in 3 days when trucks don't run.

The real economy runs on trust. If you go down to your local Walmart and just explain that you really do have money, the manager will extend you credit, just like the local store owners did during the Depression, right?

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by Spitzer
on Tue, 08/09/2011 - 16:42
#1543873

Trav is right.

The millionaires and billionaires will sterilize their savings by buying gold and assets with minimal currency risk, not by emptying store shelves.

The peasants might get a one day bank holiday to straighten a few things out but otherwise it might not be as bad as you think.