Doug said it first.

[Charles Brown]

So, if we got the masses to pull out their bank deposits, we could cause a breakdown of the economy to seize up ?

Charles Brown


>>> Doug Henwood <dhenwood at panix.com> 03/17/99 11:24AM >>>
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