> ravi wrote: >> ... where did the money go?... > ...A lot of the "money" (i.e. financial wealth) was simply "on > paper." It represented a situation where "the market" attached an > unsustainably high price to paper promises (stocks, bonds, etc.) and > various businesscritters (so-called "entrepreneurs") and finance guys > naively counted this high value as adding to their assets... > ...In sum, a lot of this wealth was merely on paper and disappeared as > the paper lost market value.
^^^^ CB: Might we say it had fictional value ? This message has been scanned for malware by SurfControl plc. www.surfcontrol.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
