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On Dec 01 09:49 AM Crank Monkey wrote:
Dec 01 11:46 am
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All Comments by Smarty_Pants »The Convertibles Collapse Offers Investment Lessons for All Investors [View article]
> Leverage is like a chainsaw. You can use it to cut wood or to chop
> off your hand.
What does that say about the FED/USTreasury's approach to halting the economic decline we are experiencing via unprecedented creation of debt based money? Is that not also a different form of leverage?
In the case of the FED/USTreasury, the chainsaw is replaced by a giant chipper/shredder into which the economy is about to fall.