Re: [Pen-l] Re: financial melt-down

["Jim Devine" <jdevine03@xxxxxxxxx>]

me:
>> that's true, but rich people are more likely to own stocks than bonds

Max:
> Really?  I realize you *get* rich from windfall capital gains and fancy
> manipulations with stock, but of those who are rich, is it a fact that they
> hold more in bonds than equity?

I believe it goes both ways (so that the rich accumulate riches). But
I'll let someone whose thumb is on the empirical pulse answer this
question more completely. Doug?
-- 
Jim Devine / "Nobody told me there'd be days like these / Strange days
indeed -- most peculiar, mama." -- JL.
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