Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

Thursday, September 12, 2013

The Rich get Richer

Even though the averages for the economy (employment, unemployment rate, industrial production, etc,) have not yet passed the 2007 peaks (or low in the case of the unemployment rate) the rich are fine, thank you.

Second chart comes from The Dish

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