Re: Re: Spain’s Squatter’s



I like this discussion but it’s way off topic. 🙂

A good example currently of the markets attitude to money is Apple Computers. The company has $137bn of cash in the bank yet the market is writing down their share value in a rising equity market.

The reason is the market views money as fairly useless unless it’s used for innovative projects that will produce increasing profit. It could be used for company acquisitions but then what?

Apple have become a victim of their success and without a new Steve Jobs it’s doomed. The moral is as I have said previously money only has any worth for the assets it buys or creates and those assets require inflation to sustain and increase value.

Capitalism is pointless without it.