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Re: [Pen-l] Re: financial melt-down
- To: "Progressive Economics" <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: [Pen-l] Re: financial melt-down
- From: "Jim Devine" <jdevine03@xxxxxxxxx>
- Date: Thu, 18 Sep 2008 12:45:40 -0700
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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.
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- Thread context:
- Re: [Pen-l] Re: financial melt-down, (continued)
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