"It's not a liquidity problem. It's a solvency problem."--James Turk on FSN

One of the doctors I work with was so happy the other day. He was so excited about the fact that the RTC is going to be ressurrected and basically, although he didn't use these exact words, "solve all our problems." "It will get more liquidity into the system, and that will be good." I didn't know what to say to him except my same old song and dance about "there's no free lunch" and "you don't get something for nothing, etc."

This guy has extensive holdings in the stock market, but fortunately for him, I have managed to convince him to make a sizeable investment in Kimber, about $70,000 worth, which when all his other holdings crash within the next few years, will carry him through. In any event, I wish I had had James Turk's quip on the tip of my tongue when this friend of mine brought up this liquidity crapola. Turk states this in FSN's first hour this week, which is excellent as usual.

And it's a great point. You must admit. I could be very liquid if I could deposit Monopoly money into my margin account. Bull