| | | I am just absorbing this chart
I do not know what if anything to make of it just yet
I believe the number of wealthy in China, Ultra or just regular, is under-counted, just as the wealthy are under reported in China Towns across the planet, because the reporters know the secrets of life w/r to reportees
Per zerohedge.com
The Top 20 Countries For Ultra-High-Net-Worth Individuals
I note that
- China has no old-money, for that is a consequence what to some might be satisfying systemic reset by way of rapid decentralisation followed by centralisation, but with a different crew in charge on some fateful morning
All done since 1991, post TianAnMen zig, but was going too wild by 2010 and badly needed a zag or all go asunder.
- India has a lot of old-money, and at some juncture likely shall experience decentralisation.
- The -isms just take turns.
- China, over 5-6K years, took a lot of turns.
- Little HK is essentially on par with Russian and on down the list. Unsure where NYC stands, except equivalent in population, or close enough.
- Provincialist Taiwan does not make the table
cms.zerohedge.com
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