Friday, December 27, 2019

Making money in the numerator

World's richest 500 people saw their wealth jump 25 percent in 2019
In 2019, the world's richest 500 people saw their collective net worth jump by 25 percent or $1.2 trillion, according to the Bloomberg Billionaires Index published Friday.
Combined, the collective net worth of the world's 500 wealthiest individuals totaled $5.9 trillion. American billionaires alone added $500 billion to their wealth, with Facebook CEO Mark Zuckerberg gaining $27.3 billion and Microsoft co-founder Bill Gates adding $22.7 billion.
Profits were mostly flat or down, but the primary dealer hedge was enormous as Trump ran up the debt machine. 

The 500 richest are the marginal funders of Swamp debt, they are in on the debt planning. Hence these 500 always hve advanced information about liquidity available, they determine that number. By now this is a completely unsustainable. The debt to cover has grown to big for the 500 in charge and the primary dealer system will break completely soon.

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