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A comment on The world is sitting on a $400T financial time bomb (2017). Parent comment

Re:The world is sitting on a $400T financial time bomb (2017) by foogazi on Tuesday October 29, 2019 @02:10AM (#21384595)
Assets are a resource you hold instead of holding cash

It’s things you bought that you can sell to access those $400

not selling those assets and going into debt is a choice

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Re:The world is sitting on a $400T financial time bomb (2017) by gnosis89 on Monday November 04, 2019 @12:06PM (#21443713)
False. Assets are a resource with economic value that are expected to provide a benefit. If that benefit is worth more than the current cash value, you actually lose more by selling it. You're free to make stupid choices though, like wrongly defining what assets are.
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