The number of global billionaires just hit a new all time high 2,325, with a year-over-year wealth increase of 12%
"the majority of American households would be in jeopardy after an unexpected expense of only $400"
"The Fed chairwoman cited the Fed’s 2013 Survey of Consumer Finances, published earlier this month, which showed that the bottom half of families by income held only 8% of all financial assets." Page 40:
"The Fed chairwoman cited the Fed’s 2013 Survey of Consumer Finances, published earlier this month, which showed that the bottom half of families by income held only 8% of all financial assets." Page 40:
“The Fed’s mission is to promote a healthy economy and strong financial system, and that is why we have promoted and will continue to promote asset building,”
You can't make this shit up...
"The world economy is going through a rough patch, yet the world's billionaire population is at an all-time high."
2,325 total billionaires
155 new billionaires in the past year
A year-over-year wealth increase of 12%
"Credit goes to the United States – home to the most billionaires globally – where 57 new billionaires were recorded this year"
"The combined wealth of the world's billionaires increased by 12 percent to $7.3 trillion, higher than the combined market capitalization of all the companies that make up the Dow Jones Industrial Average."
Dow with Fed Balance Sheet:
Microsoft with Fed balance sheet:
(Correlation bottom pane)
Berkshire Hathaway
