A common refrain heard in the financial industry is that the best way to avoid debt is to buy assets.
It’s also common for some of the top executives of the world’s biggest financial institutions to speak in this vein, with some arguing that the only way to get out of the debt trap is to invest.
But what if those arguments don’t apply to all of us?
In this case, there’s a way out.
This week, The Economist published an article titled ‘A new breed of investor’.
It’s titled ‘Investors should buy bonds instead of equity’.
It quotes three experts on investing from leading investment banks and the hedge funds of Goldman Sachs, Morgan Stanley and Citigroup.
The article says that the investment market is overvalued and needs to be changed.
The first thing to realise about the article is that it is not based on the wisdom of the investment bankers.
The only people who actually have a real understanding of what goes on in the investment industry are the people in the hedge fund world who are making a lot of money by betting against the stock market and the markets themselves.
The reason the article was written was to help these hedge fund executives get out ahead.
The experts who wrote the article were not trying to convince anyone.
They are simply trying to make the point that investors should be buying bonds instead.
They aren’t trying to tell you that you should invest in equities or stocks.
The fact that they have been able to make their arguments without the help of experts at the hedge firms is a reflection of their own credibility.
The reason for this credibility is that this is exactly the type of advice that the industry has been trying to get across for years.
It has been arguing that investing in bonds or equities is a waste of money, because these are risky investments and it would be better to invest in real estate.
It is arguing that you would be wasting your time if you were just buying stocks, because investing in stocks would take years and you’d never know what you’d get for your money.
It is this same argument that has been used for the last 20 years by hedge funds, banks and other financial institutions, who have argued that they can predict what the market will do and that this prediction is worth the risk.
So, to save the world from the debt and inflation trap, the argument goes, we should all buy bonds and buy stocks.
Investors are in this position because they believe in the value of bonds.
They have long since given up on equities.
But the world has not been immune to the effects of debt and the bubbles that burst in the markets.
The real reason that many of the most successful people in finance have not been able in the last two decades to get the markets back on track is because they have put the wrong strategies into place.
Investment is about making money, and making money is about betting against stocks.
And, if you want to be a successful investor, you need to make money betting against companies and companies.
The question is, is it possible to do this?
A few years ago, one of the leading investment bankers in the US, David Lassiter, wrote an article called ‘How to avoid borrowing and buying bonds’.
He argued that it was better to start with debt.
He says:We have a big problem.
Debt is too big.
The US government is over-indebted.
The European Union is overpaid.
The Fed is underpaid.
Our government has more debt than any country in the world.
We need to build a strong financial system that will allow the United States to pay down the debt.
The more we make loans, the less we need to borrow.
But that’s where the problem lies.
I don’t think the US can pay back all of its debt on its own.
The Federal Reserve will be needed to finance the debt as long as it’s there.
That means we will need to do it by borrowing from foreign central banks and borrowing from the European Central Bank.
That’s a bad idea.
If we had foreign central bankers, we wouldn’t need to get into debt.
We’d just borrow money.
The same applies to the Federal Reserve.
The problem with debt is that there are too many people who own it.
That is why it is so important that you borrow from other people.
In fact, the only reason you should borrow from someone else is if you’re going to repay it.
So the only other people you should lend money to are yourself.
You can’t borrow to pay off debts, you have to pay them off.
But there are lots of ways you can pay them back.
For instance, you can use credit cards, which are very easy to use.
But you can’t take out credit cards.
You need a loan.
And then, if the bank is willing to lend you money, you don’t need a credit card.
So you are paying off your debts.
But credit cards don’t help you pay down debts.
They make people worse off