Comments on: U.S. Housing Stocks Down $2 Trillion http://www.dailyreckoning.com.au/us-housing-stocks-down-2-trillion/2008/01/29/ An independent perspective on the Australian and global investment markets Tue, 16 Mar 2010 08:14:43 +0000 http://wordpress.org/?v=2.8 hourly 1 By: Pier Johnson http://www.dailyreckoning.com.au/us-housing-stocks-down-2-trillion/2008/01/29/comment-page-1/#comment-6441 Pier Johnson Wed, 30 Jan 2008 02:50:40 +0000 http://www.dailyreckoning.com.au/us-housing-stocks-down-2-trillion/2008/01/29/#comment-6441 Bill Bonner says: "U.S. stocks are down about 10% so far this year…that’s about $1.5 trillion lost" Exactly $0 became lost. Bill Bonner does not understand that Stock Exchanges are casinos. After the House (exchange + brokers) took its cut, some players walked away $1.5 trillion richer. That $1.5 trillion did not disappear. It's in the hands of winners. Bill Bonner says:

"U.S. stocks are down about 10% so far this year…that’s about $1.5 trillion lost"

Exactly $0 became lost.

Bill Bonner does not understand that Stock Exchanges are casinos.

After the House (exchange + brokers) took its cut, some players walked away $1.5 trillion richer.

That $1.5 trillion did not disappear. It's in the hands of winners.

]]> By: Brian http://www.dailyreckoning.com.au/us-housing-stocks-down-2-trillion/2008/01/29/comment-page-1/#comment-6428 Brian Tue, 29 Jan 2008 06:49:54 +0000 http://www.dailyreckoning.com.au/us-housing-stocks-down-2-trillion/2008/01/29/#comment-6428 You mention Zimbabwe! If the US is following along on the same pathway as Zimbabwe, why hasn't the US dollar gone the way of the Zimbabwe dollar? It may seem a trite question, but my point is, what holds the US currency together? For many of us who read the TDR, it is apparent that the US is in diabolical trouble. As are several other nations, yet 5 years on and we still see the US dollar as the reserve currency for the world. The currency is being inflated like a balloon, yet no one out there is crying, "the sky is falling" What will it take for the whole thing to unravel? You mention Zimbabwe!

If the US is following along on the same pathway as Zimbabwe, why hasn't the US dollar gone the way of the Zimbabwe dollar?

It may seem a trite question, but my point is, what holds the US currency together? For many of us who read the TDR, it is apparent that the US is in diabolical trouble. As are several other nations, yet 5 years on and we still see the US dollar as the reserve currency for the world. The currency is being inflated like a balloon, yet no one out there is crying, "the sky is falling"

What will it take for the whole thing to unravel?

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