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I'll be the first to say, "Bush's fault."

This article is not password protected because I got it off Yahoo! The part that I edited out contains the obligatory liberal media disclaimer telling us that despite the good news, economists don't think it will continue, and the obligatory liberal media disclaimer that despite the fact that the rich are doing better, the rest of us aren't:

"Economists question, though, whether the wealth boom will continue in 2005. Stock markets have swung wildly this year, and many are predicting slower growth -- and potentially even losses -- in hedge funds...."

1 posted on 05/28/2005 10:39:01 AM PDT by Brilliant
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To: Brilliant
The number of households in the U.S. with liquid assets of $20 million or more is increasing by 3,000 households a year.

!!!!!!! How many households are there total in the US?
2 posted on 05/28/2005 10:40:33 AM PDT by MikefromOhio (Is anyone else ready for football to begin again?)
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To: Brilliant

Well.....considering what the dollar's worth today is being a millionaire really that incredible? I mean, I have family in CA whose little ranch-style houses cost more than 1 million, and they are not rich by a long-shot. Just saying. It's all about what the money will buy.


7 posted on 05/28/2005 11:13:38 AM PDT by blueminnesota
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To: Brilliant
A $Million total worth isn’t that much anymore. A farm near a growing suburb would qualify. Many small family owned businesses qualify – and the people are hardly “rich”.
8 posted on 05/28/2005 11:21:12 AM PDT by R. Scott (Humanity i love you because when you're hard up you pawn your Intelligence to buy a drink.)
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To: Brilliant

More a side-effect of inflation than anything. Unless measured against a consistent standard, "millionaire" is just an arbitrary - and moving downwards in terms of real wealth - threshold.


10 posted on 05/28/2005 11:52:18 AM PDT by thoughtomator (The U.S. Constitution poses no serious threat to our form of government)
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