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Friday, January 3, 2014
Singapore, Hong Kong , unlike The US are Wealthier than 15 years ago
The difference between the wealth and
income inequality in Singapore and Hong Kong, and that in the US, is
that most people in these two cities (the so-called 90%) enjoy better
living conditions than 15 years ago and their net worth has appreciated,
whereas in the US this is not the case.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.