Paradox of Wealth

[JEast]

Nice white paper by William Bernstein on how increased wealth actually produces reduced returns and lower interest rates. 

 

http://larrysiegeldotorg.files.wordpress.com/2012/01/the-paradox-of-wealth-v2-formatted.pdf

Confession is in order that the thesis feeds my on bias here as I continue my guilty pleasure of watching the Japan macro-drama and its potential wakes.

 

Cheers

JEast

[Kiltacular]

Nice white paper by William Bernstein on how increased wealth actually produces reduced returns and lower interest rates. 

 

http://larrysiegeldotorg.files.wordpress.com/2012/01/the-paradox-of-wealth-v2-formatted.pdf

Confession is in order that the thesis feeds my on bias here as I continue my guilty pleasure of watching the Japan macro-drama and its potential wakes.

 

Cheers

JEast

 

JEast,

 

I much enjoyed this paper.  Thanks for posting. This is the type of thing that one wishes he read when he was just beginning to learn world history / economics -- in a few words, it lucidly answers a lot of "whys" I had at that age. 

[randomep]

 

thanks, I'll have to read it more carefully later.... seems very long winded, but definitely thought provoking