The wealthier you are the more bonds as well, I assume. We just heard on the news that bondage is healthy.
Michael Perelman Economics Department California State University michael at ecst.csuchico.edu Chico, CA 95929 530-898-5321 fax 530-898-5901 www.michaelperelman.wordpress.com -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Jim Devine Sent: Thursday, September 18, 2008 12:46 PM To: Progressive Economics Subject: Re: [Pen-l] Re: financial melt-down Perelman, Michael wrote: > Are you sure about that, Jim? About the rich being more heavily into > stocks? I don't have the stats here, but the higher one's income and total wealth, the more stock ownership one has, all else constant. > Remember the account of Clinton getting warned about the importance of > pleasing the bond market? I'm sure that he wanted to keep the stock market happy too. -- Jim Devine / "Nobody told me there'd be days like these / Strange days indeed -- most peculiar, mama." -- JL. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
