Credit Suisse states that half of global wealth in hands of 1 percent of the population.
“The Credit Suisse report concludes that global wealth has fallen by $12.4tn so far in 2015 – to $250tn – the first drop since the 2008 banking crisis. This is largely a result of the strength of the dollar, the currency used for Credit Suisse’s calculations.”
Chart courtesy of Credit Suisse
Now who cares?
Really – who cares?
The simple fact of the matter is that these “wealthy” people have lost $12 trillion already by not reading this blog. 😂
Yes – okay – back to the point – they will lose all of these investments over coming few years – as they are just as clueless as their financial advisers.
Like WTF $12 trillion – that is a serious amount of money.