David D. Levine@lilithsaintcrow @cstross They're as real as money ever is. If you own those stocks and bonds, you can sell them or use them as loan collateral and buy real stuff. But since the demise of the gold standard, money has an imaginary component (bookkeeping in complex numbers?) and is subject to evaporation in a way it wasn't centuries ago. When the stock market crashes, (some of) those dollars don't go elsewhere, they are GONE.
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