314. rich benefit from cycles.

February 17, 2010 § Leave a comment

Richer people have better advice on the stock and bond markets. they buy low, and then the market rises, and the rest of us buy based on tickle down info. the market peaks and the rich sell early and the rest sell late. the net result is, with each cycle, a net shift of money from the rest of us to the richer of us.

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You are currently reading 314. rich benefit from cycles. at Reflections on GardenWorld Politics Douglass Carmichael.

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