Monday, December 03, 2018

Fact of the Day

Despite the fact that almost half of all households owned stock shares either directly or indirectly through mutual funds, trusts, or various pension accounts 84% of stocks are held by 10% of Americans.

The wealth of ordinary people is primarily in the form of their personal residences, whose value has driven to incredible peaks by rich people (often represented by hedge funds) diversifying their portfolios by speculating in the property markets.

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