Doug said it first.

Doug Henwood dhenwood at panix.com
Wed Mar 17 08:24:25 PST 1999


Enrique Diaz-Alvarez wrote:


>The stock market is a great place to buy a share of a corporation's
>profits, but if you want your savings to go directly into productive
>investments instead of straight into another investor's pocket, buy
>a corporate bond.

Hmm, not exactly - it's more likely to fund a takeover or a buyback. If you really want to channel your savings into productive investments, make a bank deposit. Unglamorous, but without old-fashioned working capital loans, the economy would seize up in a week.

Doug



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