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Cracks in the new gilded age

WASHINGTON, DC — The past 12 years have been extremely good for the ultra-rich. The fortunes of billionaires, a group comprising the 2,640 wealthiest people on the planet, most of whom are men, has more than doubled. The wealth gap between the top 0.01 per cent and the bottom half of the world’s population has increased by 50 per cent since the 2008 global financial crisis.
United States World Bank District Of Columbia Johnd Rockefeller Larry Ellison Jonathan Kanter

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[Nabil Ahmed] Cracks in the New Gilded Age

The past 12 years have been extremely good for the ultra-rich. The fortunes of billionaires -- a group comprising the 2,640 wealthiest people on the planet, most of whom are men -- has more than doubled. The wealth gap between the top 0.01 percent and the bottom half of the world’s population has increased by 50 percent since the 2008 global financial crisis. The aftermath of COVID-19 and the war in Ukraine hav...
United States Jonathan Kanter John Bogle Joe Biden Johnd Rockefeller Elon Musk

The rise of passive investment is in danger of creating a dumb new stock market bubble

For a diverting and entertaining couple of hours I can heartily recommend the film Dumb Money. It tells the real life story of how day traders came together on Reddit forums during the pandemic, turned GameStop (among others) into a “memestock”, and took on hedge funds at their own game. The script is witty, the cast is great.
United Kingdom United States Jeff Goldblum Sp Dow Jones John Bogle David Einhorn
Source: yahoo.com

Cracks in the new gilded age

WASHINGTON, DC — The past 12 years have been extremely good for the ultra-rich. The fortunes of billionaires, a group comprising the 2,640 wealthiest people on the planet, most of whom are men, has more than doubled. The wealth gap between the top 0.01 per cent and the bottom half of the world’s population has increased by 50 per cent since the 2008 global financial crisis.
United States World Bank District Of Columbia Elon Musk Bernard Arnault Nabil Ahmed

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