Jim Devine wrote:
Marvelous Max wrote:
In addition to Fr Devine, I think it's political and legal.
Bonds get to stand in line in front of stocks by contract,
and the bond market is much bigger than the stock market.
that's true, but rich people are more likely to own stocks than bonds
Really? I realize you *get* rich from windfall capital gains and fancy
manipulations with stock, but of those who are rich, is it a fact that they
hold more in bonds than equity?
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