The rich grew richer last year, even as the world endured the worst recession in decades.
A stock market rebound helped the world's ranks of millionaires climb 17 percent to 10 million, while their collective wealth surged 19 percent to $39 trillion, nearly recouping losses from the financial crisis, according to the latest Merrill Lynch-Capgemini world wealth report.
Stock values rose by half, while hedge funds recovered most of their 2008 losses, in a year marked by government stimulus spending and central bank easing.
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3 comments:
Why am I not surprised to hear that? Rich get richer and poor struggle to survive.
Well the good news at least for me is that I'm entering a contest at www.mt4brokersreview.com and the prize money is $11,500 cash. Maybe by winning that money I could start a trend :))
I know that the contest starts at August 2nd, 2010 at 07:00 EST and ends at October 1st, 2010 at 07:00 EST, a duration of 9 weeks (2 calendar months).
If you are lucky, you can win a maximum prize of $2500 by trading on a real account and $1000 on a demo account.
But I won't be participating due to time constraint. Thanks for the info.
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