Easier for Camel  

Oleh:

The Economist

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 391 no. 8625 (Apr. 2009)
Topik: Camel; Easier; Properity; Wealthy
Fulltext: Easier for a Camel.pdf (49.05KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.54 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

EVEN the wealthy burghers of Monaco are feeling the pinch. At the principality’s Le Metropole shopping mall the winter sales were still in full swing in early February. Upmarket retailers such as Lacoste and Christian Lacroix felt obliged to offer 50% reductions. The rich will get little sympathy, but they have taken a big hit from the financial crisis. After all, they own a disproportionately large share of the equity and property markets. Many of them derive their wealth directly from the financial sector, working for hedge funds, private-equity firms or investment banks. A survey by Oliver Wyman, a consultancy, estimates that the financial crisis has caused high-net-worth individuals (as the banking industry calls the rich) to lose $10 trillion, or a quarter of their wealth. The annual Forbes list found that the global number of billionaires last year fell to 793 from 1,125, and a report by Spectrem Group, a research company, saw a drop in the number of American millionaires from 9.2m to 6.7m between 2007 and 2008.

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