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View Diary: David Stockman: “get out of the markets and hide out in cash” Corruption Of Capitalism (122 comments)

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  •  When people say hide out in (8+ / 0-)

    cash they usually mean short-term low-risk investments (such as CDs, T-bills, money market funds, etc). Cash under the mattress really makes no sense (if T-bills are unsafe, so are Federal Reserve notes, which is what cash is). If someone thinks that a systemic financial collapse is in the works (including a US default), the best thing to own is something that would have value in such an environment (such as cigarettes or food or other essentials).

    •  sure, but not everybody understands that (3+ / 0-)
      Recommended by:
      corvo, YucatanMan, doc2

      -You want to change the system, run for office.

      by Deep Texan on Mon Apr 01, 2013 at 06:07:47 AM PDT

      [ Parent ]

    •  Yes, I understand what various investments are (1+ / 0-)
      Recommended by:
      doc2

      considered "cash" but as they often offer very low returns, I used the "under the mattress" imagery for the nice image. :-)   You'll sometimes find investment articles with the same sort of silly usage.  

      Your comment was very helpful for those who don't really understand what an investor means when he says "keep your investments in cash."

      "The law is meant to be my servant and not my master, still less my torturer and my murderer." -- James Baldwin. July 11, 1966.

      by YucatanMan on Mon Apr 01, 2013 at 09:37:13 AM PDT

      [ Parent ]

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