At 10:20 PM 1/18/2005 -0800 Doug Pensinger wrote: >JDG wrote: > > >> The biggest problem is what happens when the decision maker with hundreds >> of billions of dollars in assets picks an investment vehicle for those >> assets. Since increased demand boosts price, whomever is currently >> investing in the "chosen" assets will probably do pretty well for >> themselves. > >That sounds like the kind of problem a clever solution could remedy. What >if _all_ qualifying assets were invested in equally?
Off the top of my head, some problems are: 1) Choosing the qualifications for assets. 2) A great investment choice becomes picking assets on the verge of qualification. 3) Not all assets have equal liquidity. Anyhow, I am not saying that it is impossible to come up with a creative solution to this problem - but that any such solution is fraught with serious difficulties because of the inordinate power the SS Administration will wield. JDG _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
