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- Is there a term for the opposite of unemployment rate?
- @Awyee707 They have it backwards. Growing economies increase production, which kips a lid on prices, or causes them to fall. Weak economies result in less production and higher prices.
- #Trump should stop tweeting about how high the stock market is, how great the economy is doing, & taking credit for both. It will backfire!
- I think people are overestimating the benefit of the economy to the tax cuts, and they’re ignoring the drag on the economy of rising interest rates. http://bit.ly/2mxJskU
- People who were buying stocks in 2006 had no idea of the magnitude of the financial crisis that would hit the market in 2008. http://bit.ly/2mxJskU
- March report "How Revolutions, Wars and Plagues are Harbingers of 'Great Changes' in Societies and in Economics" published. http://bit.ly/2y4LJZQ
- The Theory of Free Banking
- Why are markets so excited about the Atlanta Fed's Q2 GDP forecast? If it's as accurate as their Q1 prediction we are likely in recession!
- As Yellen and the Fed stick with rate hike goals, new members will make their current stance irrelevant: https://t.co/IOGEcgrJL2
- [Schiff Podcast] Dive into the current gold market conditions, and see why they’re good for buying: http://bit.ly/2n3axer
Thursday, May 12, 2016
The rich will get richer because return on investment
Most of leftist will say that, for example if someone has 20% of global wealth in a free economy there is no way he will loose it, nor he will stop being the richest person in the world, him or his sons. Cause he has to spend les % of money than anyone else so he can invest much more. I know this is not true based on empirical evidence, but I have a hard time rebutting this based solely on logic. I know someone can come up with an idea that will make a lot of wealth (google, apple...) but I'm not sure how generation after generation they can reduce this 20% if they invest in a diversified portfolio that give him a return, even if is 1% (with no inflation). Can anyone point me on the right direction? I have a theory although I'm not sure if it's true: The richest person will increase his purchasing power while reducing his net worth because the difficulty of successfully investing so much money (you can make a lot of return if you're poor and open a small company after you see a need for a particular market but this becomes increasingly difficult if you want the same return when you have a lot of money).