1 ) Its not a useless topic. 2) What the hell is paper wealth? Paper wealth is real wealth or vice versa. Assets have value, how you calculate the value can be subjective or very objective but nonetheless in the end all we have are assets and debt. Are you saying that your not wealthy if your money is stocks and not in cash? depends which stock, will you sell me 100 share of GE for 100 zimbabwe dolllars Are you saying that your not wealthy if you money is cash and not in real estate? That not whats happened in the last 24 months. The assets are worth less or worthless in some cases, but the debt remains., the financial projections, hirings, decisions that were made based on those value remain. The mistake you are making is the same that million of Americans are making right now. That is there is such a thing as real wealth versus paper wealth. All wealth is subjective and scenario based.
Irm21 1 ) Its not a useless topic. 2) What the hell is paper wealth? Paper wealth is real wealth or vice versa. Assets have value, how you calculate the value can be subjective or very objective but nonetheless in the end all we have are assets and debt. Are you saying that your not wealthy if your money is stocks and not in cash? depends which stock, will you sell me 100 share of GE for 100 zimbabwe dolllars Are you saying that your not wealthy if you money is cash and not in real estate? That not whats happened in the last 24 months. The assets are worth less or worthless in some cases, but the debt remains., the financial projections, hirings, decisions that were made based on those value remain. The mistake you are making is the same that million of Americans are making right now. That is there is such a thing as real wealth versus paper wealth. All wealth is subjective and scenario based. ........................................................................................ Good points.... Valuations are the name of the game in banking.... And what is banking ? The heart and soul of the economy.... No banks....no economy.... ............................................................................... Simple speak.... There was $100 Trillion in a box.... $40 Trillion was eliminated............ Thus the cumulative value of all prices remaining cannot exceed $60 Trillion.... .............................................................................. If the US wants to revisit previous prices....one would want to do so with prices that may linger or grow.... Some suggest that the "Manufacturing base" needs to be built again.... But make no mistake.... If previously one cashed out of $5 Billion in CDOs and bought a Chinese company that made dolls..... And the CDOs after the sale went to $0.... The person still owns a $4 billion Chinese doll factory.... Was the value in CDOs real....? Maybe the Chinese doll factory went broke because its dolls were no longer being bought in the US.... ........................................................................ Thus the idea now is to lever valuations of "manufacturing companies "....? Or is the idea to lever up just companies that will have longevity ? Longevity is never guaranteed.... .................................................................................... Innovations that could be levered with US domicile such that the valuations could be reflected in the banks is of paramount interest.... Being an entrepreneurial friendly nation by being extremely tax friendly.....would go a long way....
Yep. If the abandoned house is not get heated in the cold country then the house will be deteriorated. If Mr. Buffett loses 99.99% of his wealth. He still has the same damn living style and spending habit.
you can't tap them for vacations or extra bling bling anymore...that's how they've changed....so to people who did that which was a dime a dozen , wealth has been destroyed...peace
WRONG......SAME STORY!!! Wealth was transferred from numerous areas in and amongst the enormous wealth destruction.
Wealth isn't 'destroyed' - investors just get rig from illusions about real value of their wealth. Quite a big part of assets (mostly debitors and good-will) are not recorevable since long time ago, just many were still dreaming this crap really worth something. This illusion dissapeared along with this virtual part of 'wealth'.