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Cash is just another alternative with lots of uncertainties. Look at how exchange rates fluctuate, and how the Chinese bemoan the likely loss of value of their currency reserves when they eventually have change their currency pegs.

You need both, because engineers don't have ways of thinking how the financial world, which is a social model not a physical one.  They just have the hard data and knowledge about how to manipulate and analyze it.  

by santiago on Tue Apr 27th, 2010 at 10:52:49 AM EST
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