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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: shades who wrote (66677)7/22/2006 6:06:30 PM
From: John Vosilla  Respond to of 110194
 
'What did gordon gecko say - 2/3rds of the wealth controlled by idiot sons and widows. At what point does inflation eat them alive and they take on some different investment philosophies?'

What happened to the idiot sons and widows during the 70's stagflation? Seems a ton of businesses went under, bonds crashed and burned along with the stock market. NYC even went broke along with the biggest RE developer of that time Zeckendorf. A recipe for disaster for the naive offspring of the super rich?