"Han" wrote

Value, whether fine woodworking, solar installations (BG!!), FR notes or
gold, is best defined as "what a willing buyer would pay for it".

Problem is definition of willing buyer. In a "hot" economy he is much
easier to find than in an economy just entering a recession. All those
properties secured by subprime mortgages were quite valuable 2 years ago.
Now they're worth much, much less. Most likely they'll be worth much more
again in a few years.

.... and with regard to the bailout, subprime mess, and attendant stock
market hysteria/plunge, let me repeat, once again, what I said/posted the
other day:

The absolute proof of something's true worth is how quickly it loses its
value.

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www.e-woodshop.net
Last update: 8/18/08
KarlC@ (the obvious)