[lbo-talk] A trader's view of the coming depression

Doug Henwood dhenwood at panix.com
Tue Sep 27 10:34:58 PDT 2011


On Sep 27, 2011, at 10:06 AM, Wojtek S wrote:


> Yes, but I believe that Dennis' point was about savings rather than
> assets. The value of assets is speculative anyway, no?

Depends. Bank deposits and money market fund holdings aren't. Bonds are to some degree, and stocks are to a major degree. But how can you measure the stock of savings without valuing them at market prices?

Doug



More information about the lbo-talk mailing list