[lbo-talk] If the US$ balloon should burst...

Doug Henwood dhenwood at panix.com
Wed Apr 30 10:20:55 PDT 2003


Michael Perelman wrote:


>Wouldn't it make sense for governments to use some of these funds to buy
>up physical assets in United States rather than to hold relatively low
>yielding financial instruments?

They could theoretically buy stocks, which are claims on real assets, but that's pretty risky, and who wants to gamble with the FX reserves? And physical assets have to be managed - who wants to do that? Ick.

Doug



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