The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own.
Wednesday, July 16, 2008
A Buy Signal?
If you are looking for a (thin-reed) buy signal, consider that short seller David Tice (Prudent Bear Fund and Behind the Numbers) has announced the sale of his firm to Federated Investors today.
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