Global Wealth

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.”

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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.

http://www.theguardian.com/money/2015/oct/13/half-world-wealth-in-hands-population-inequality-report

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2 thoughts on “Global Wealth

  1. They lost USD12 Trillion and I don’t give a shit either.

    I told the World back in 2000 but they laughed – and they still laugh (while hoping that I die).

    One Message from nearly, but not yet, beyond the Grave:

    Fuck You and the horse you rode in on.

    (not you Johannes)

    but, it shows a very cool trend and the trend is not their friend – Mileage will vary.

    Like

    1. Oh trend is in all right.

      Noticed Lagarde IMF now coming out and saying that the problems with the 2008 financial crisis not fixed and a bigger financial tsunami on the way.

      Also EM’s were USD3 trillion in the red and for Fed Reserve not to increase rates.

      She and the IMF are always behind the curve – they all live in a vacuum analyzing historical data and no SFA on capital movements – cycles – economy history.

      God bless their socialist souls.

      Sent from my iPad

      >

      Like

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