Forex Blog by LLoyd: Swing Trade for a Living

Forex Blog by LLoyd: Swing Trade for a Living

World's Rich Got Richer Amid '09 Recession

Posted: 22 Jun 2010 12:05 PM PDT

Reuters has just reported this:

The rich grew richer last year, even as the world endured the worst recession in decades.

A stock market rebound helped the world's ranks of millionaires climb 17 percent to 10 million, while their collective wealth surged 19 percent to $39 trillion, nearly recouping losses from the financial crisis, according to the latest Merrill Lynch-Capgemini world wealth report.

Stock values rose by half, while hedge funds recovered most of their 2008 losses, in a year marked by government stimulus spending and central bank easing.

Read the full article here.
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