Articles About Global Savings

The wealth of the world’s high-net-worth individuals (HNWIs) declined by nearly one fifth last year to $33 trillion, according to the 2009 World Wealth Report from Merrill Lynch and Capgemini.  A HNWI has at least $1 million of assets besides a primary residence, its contents and collectible items.  In 2008, the number of HNWIs fell […]

$70 trillion dollars.  That’s all the money in the world, or to get technical, the subset of global savings known as fixed-income securities.  And it almost doubled from $36 trillion in just six years.  How did this happen? The Federal Reserve presided over the creation of what we have learned (the hard way) is a […]