DrStool Posted May 19, 2003 Report Share Posted May 19, 2003 The Best Gold Forum. Link to comment Share on other sites More sharing options...
rayok Posted May 19, 2003 Report Share Posted May 19, 2003 WHY CURRENCY DEVALUATIONS ARE A LOSER'S GAME If your country is productive and it's products are in demand, why reduce prices? When prices are reduced (currency devalued) by 20%, you now need 21% more sales to benefit. Imports are reduced because they are more expensive (20%), but imports must be reduced by more than 20% to benefit. No country has ever devalued it's way to greater prosperity. Link to comment Share on other sites More sharing options...
BarBu Posted May 19, 2003 Report Share Posted May 19, 2003 I cannot site sources but believe the number I have seen in several places for ?10% of all stock holders holding around 60% of all stocks is a good number. This is not really that new. Pareto (to whom the 80/20 rule is named after) was an economic historian who made the observation that 20% of people owned 80% of wealth. Unfortunately, I am lumped in the plebian side of this wealth equation. DIDNT WE ALL LEARN THIS at the Parker Bros. school of Economics,located i believe ,in Atlantic City?? Looks like people are serious about this numbers...... I saw it at Bloomberg, a commtary by Art Pine about 2 years ago; Bloomberg already removed that link. I will dig the exact number from my office's computer if it is still there. I retrieve the follwoing old commentary from my archive with the answer. this is prettry much an obsolete commentary so I skip most the part. --------------------------------------------- 10/30 00:01 The Wealth Effect -- Not as Potent as Some Suggest By Art Pine Washington, Oct. 30 (Bloomberg) -- Next to the idea that there's a ``New Economy,'' the most ballyhooed concept in economics in recent years may be the ``wealth effect.'' ... ..... Indeed, Edward N. Wolff, an economist at the Jerome Levy Institute, points out thatthe 1998 Fed figures show that 90 percent of total stock shares -- accounting for 79 percent of the overall value -- were held by the richest 10 percent of American families. The richest 1 percent held half of the total. ........ Link to comment Share on other sites More sharing options...
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