dimecres, 4 de gener de 2012

Book Review: 'The High-Beta Rich'
In the age of high-beta wealth, most of the spending and taxpaying in America will be directed by the stock market. As Greenspan noted, stocks are no longer just measurements of growth and decline, but the main drivers of both. In an economy dominated by the rich, S&P is the new GDP.

While I agree with this statement, I would take it further and say that therein lies the main problem: that S&P is the new GDP, and that people have moved away from the idea of acquiring and maintaing wealth via continuous investment in actual companies, and into getting rich by buying and cashing out at the right time.

Resumit: l'economia cada dia depèn més dels rics, i la riquesa dels rics depèn del que digui l'agència de ràtings S&P.

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