Trickle Down Economics

By bailing out large financial institutions and deliberately trying to inflate the value of stocks, bonds, houses and commodities (by driving interest rates down to microscopic levels), central banks around the globe are probably increasing the wealth gap between rich and poor. After all, the poor don’t own homes or buy stock. That being said,…

Read More

Paint by Numbers

The Friday File: The fine art market isn’t overpriced because it’s not part of the normal economy. Prices for fine art are determined by the super-rich — and they have been doing very well. So, if you think income inequality will shrink, don’t buy the Monet. But, if you think income growth for the rich…

Read More