Below we highlight the percentage changes that global equity markets have seen from their lows yesterday. As shown, Russia is currently up 20.2% today. Yes, the country's bear market has reversed and turned into a new bull in one trading day! Hong Kong is up the second most at 18.7%, followed by China, Singapore and the UK. Japan and Australia have seen the most muted gains at 5% to 6%.
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.
Friday, September 19, 2008
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