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Old 07-24-2007, 02:00 PM
mtgordon mtgordon is offline
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Join Date: Apr 2005
Posts: 723
Default Re: Collapse of the American Economy?

I'm going to use this doomsday hooplah to try and further understand things in general. So let's say you buy a stock for $X. Now doomsday happens and $1 = $0.10. It seems like the company would now be charging 10 times as much for it's product and making 10 times as much so if you sell the stock it would be worth around $X*10 and you'd break even on the deal as far as your purchasing power is concerned. It seems like I'm missing something big, but I'm not sure what it is. Explain/flame away.
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