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1/28/2016 5:58:10 AM
1
I'll agree with everything you said about the fed (end the fed!) but to say all wealthy people invest the same way is narrow minded. People invest their money in various ways. Even if they invest in bonds (an asset) that's lending money to companies to grow which creates jobs.
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Not in this environment. In this environment major corporations are very averse to capital investment. Consumer goods are experiencing deflation because of the dying middle class; as a result, corporations are unwilling to invest in new projects, because the goods that they will eventually produce will be worth less than the investment. Once the inequality reaches this point, the only source of yield that the wealthy can chase is speculation on assets.
