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The ultimate asset bubble is gold".
The 1992 election, held in the aftermath of a recession yet still lost by Labour's Neil Kinnock, may be a precedent.Mr Cameron is indeed his party's ultimate asset.
Like Jennifer Lawrence, his is an unfiltered realness that is fast becoming the ultimate asset in post-Twitter, post-PR Hollywood; he makes it a lot harder for actors to go on to platitude autopilot, droning keywords like "inspirational" and "humble" during a hotel-room press junket.
Celebrity is the ultimate asset.
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And this could create an immediate financial crisis, because U.S. debt — heretofore considered the ultimate safe asset — would be reclassified as an asset in default, possibly forcing financial institutions to sell off their U.S. bonds and seek other forms of collateral.
LONG considered the ultimate hard asset, gold normally shines at times of financial turmoil.
What everyone stresses is that U.S. government debt, until now regarded as the ultimate safe asset, suddenly becomes not so safe.
The whole structure of world financial markets is built around the use of Treasury bills as the ultimate safe asset; what happens if they lose that status?
Why? Financial markets have long treated U.S. bonds as the ultimate safe asset; the assumption that America will always honor its debts is the bedrock on which the world financial system rests.
Furthermore, nobody knows what a U.S. default would do to the world financial system, which is built on the presumption that U.S. government debt is the ultimate safe asset.
Nor are investments in supposed safe havens such as gold, which he says is "the ultimate speculative asset, since it pays no dividend" and is useful only as a symbol of value in the eye of the beholder.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com