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IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / Wrong
Post #351,278
by drook
Picture of drook
11/25/11 11:59:01 PM
Reply
New Wrong
http://www2.ucsc.edu...power/wealth.html
In terms of types of financial wealth, the top one percent of households have 38.3% of all privately held stock, 60.6% of financial securities, and 62.4% of business equity. The top 10% have 80% to 90% of stocks, bonds, trust funds, and business equity, and over 75% of non-home real estate.
When you say, "by and large shareholders are us," are you blind, stupid or mendacious? I like you, man, but that's a fucking whopper by any standard.
--

Drew
Post #351,286
by crazy
11/26/11 6:51:43 AM
Reply
New Hey, maybe he's REALLY rich and we didn't know!
Listen to a story 'bout a man named Jed
Post #351,301
by boxley
11/26/11 4:47:20 PM
Reply
New do you have a 101k?
if you do what do you think its invested in?
http://www.palmbeach...-sink-751950.html free example
what drove the tech bubble back in the day? 401k money
pension funds have a chunk. State and municipal folks invest heavily. Look at the Alaska perm fund, 40% is in the market.
Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 55 years. meep
Post #351,315
by drook
Picture of drook
11/26/11 8:35:20 PM
Reply
New You mean 401k?
Read the quote again:
The top 10% have 80% to 90% of stocks, bonds, trust funds, and business equity, and over 75% of non-home real estate.

There may be 50 times more people who have some money in stocks, but of the total dollar value of the stocks, it's mostly held by the rich.

People with money on 401s don't drive investment activity.
--

Drew
Post #351,325
by folkert
Picture of folkert
11/27/11 12:46:24 AM
Reply
New Yes it does drive...
People with money on 401s don't drive investment activity.
Yes they do... investment into the "401K's" managers pocket.
Post #351,376
by mmoffitt
11/28/11 10:18:48 AM
Reply
New Ed Zachary!
     Banks contributions to GDP growth were illusory. - (Another Scott) - (41) - Nov. 24, 2011, 09:35:24 AM EST
         well I hope that you have a call into Barney Frank's office - (boxley) - (40) - Nov. 24, 2011, 09:42:39 AM EST
             We're not saying the same thing. - (Another Scott) - (39) - Nov. 24, 2011, 10:12:05 AM EST
                 nope they should have been banged flat - (boxley) - (38) - Nov. 24, 2011, 10:21:52 AM EST
                     We tried that in the 1930s. Didn't work so well. - (Another Scott) - (37) - Nov. 24, 2011, 11:13:44 AM EST
                         Analogy - (drook) - Nov. 24, 2011, 11:28:24 AM EST
                         banks would have collapsed system would not - (boxley) - (35) - Nov. 24, 2011, 11:57:39 AM EST
                             Lookit all that straw - (drook) - (23) - Nov. 24, 2011, 12:07:41 PM EST
                                 Who says that's an exaggeration? -NT - (jake123) - (1) - Nov. 24, 2011, 12:18:38 PM EST
                                     What he said. -NT - (mmoffitt) - Nov. 25, 2011, 08:54:39 AM EST
                                 who is exagerating when fair share is north of 70% of income -NT - (boxley) - (20) - Nov. 25, 2011, 09:45:19 AM EST
                                     You understand what "marginal rate" means, right? -NT - (Another Scott) - (19) - Nov. 25, 2011, 09:46:22 AM EST
                                         Re: You understand what fair is right? -NT - (boxley) - (18) - Nov. 25, 2011, 09:49:55 AM EST
                                             Yes. - (Another Scott) - (17) - Nov. 25, 2011, 10:06:46 AM EST
                                                 stale data set - (boxley) - (16) - Nov. 25, 2011, 10:11:44 AM EST
                                                     Still a lot higher than the '40s-'70s historical norm. - (Another Scott) - (13) - Nov. 25, 2011, 10:39:55 AM EST
                                                         Corporate profits is not individual earnings - (boxley) - (12) - Nov. 25, 2011, 10:45:00 AM EST
                                                             "Corporations are people my friend." HTH. -NT - (Another Scott) - (11) - Nov. 25, 2011, 02:32:58 PM EST
                                                                 mebbe so, never saw one shopping at walmart tho -NT - (boxley) - (10) - Nov. 25, 2011, 02:37:54 PM EST
                                                                     They shop at Nieman-Marcus. - (Another Scott) - (9) - Nov. 25, 2011, 02:43:38 PM EST
                                                                         go to management sure - (boxley) - (8) - Nov. 25, 2011, 02:51:01 PM EST
                                                                             You're making a nice impression of a brick wall today. - (Another Scott) - (7) - Nov. 25, 2011, 02:59:17 PM EST
                                                                                 you brought up shareholders by and large shareholders are us -NT - (boxley) - (6) - Nov. 25, 2011, 03:22:09 PM EST
                                                                                     Wrong - (drook) - (5) - Nov. 25, 2011, 11:59:01 PM EST
                                                                                         Hey, maybe he's REALLY rich and we didn't know! - (crazy) - Nov. 26, 2011, 06:51:43 AM EST
                                                                                         do you have a 101k? - (boxley) - (3) - Nov. 26, 2011, 04:47:20 PM EST
                                                                                             You mean 401k? - (drook) - (2) - Nov. 26, 2011, 08:35:20 PM EST
                                                                                                 Yes it does drive... - (folkert) - (1) - Nov. 27, 2011, 12:46:24 AM EST
                                                                                                     Ed Zachary! -NT - (mmoffitt) - Nov. 28, 2011, 10:18:48 AM EST
                                                     Sure, measure from the peak - (drook) - (1) - Nov. 25, 2011, 01:08:38 PM EST
                                                         sure, stop measuring at the peak - (boxley) - Nov. 25, 2011, 01:19:40 PM EST
                             The Fed gave the banks $16T in accounting entries. - (Another Scott) - (10) - Nov. 24, 2011, 12:33:13 PM EST
                                 Heh. "Real money" We don't have that anymore. - (mmoffitt) - (9) - Nov. 25, 2011, 08:55:35 AM EST
                                     Yup. - (Another Scott) - (8) - Nov. 25, 2011, 09:44:43 AM EST
                                         From your link, wtf? - (mmoffitt) - (7) - Nov. 25, 2011, 11:55:37 AM EST
                                             remember the movie popeye? - (boxley) - (1) - Nov. 25, 2011, 12:13:14 PM EST
                                                 I remember what Chase actually did to me. -NT - (mmoffitt) - Nov. 28, 2011, 10:21:40 AM EST
                                             You paid cash for your car? - (drook) - (4) - Nov. 25, 2011, 01:01:42 PM EST
                                                 Yes, I did. And at one point - (crazy) - (2) - Nov. 25, 2011, 03:31:02 PM EST
                                                     thats the way po' folks do it -NT - (boxley) - (1) - Nov. 25, 2011, 06:41:36 PM EST
                                                         Yeah, well - (crazy) - Nov. 26, 2011, 07:01:19 AM EST
                                                 The last car I bought, I did. - (mmoffitt) - Nov. 28, 2011, 10:17:10 AM EST

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