new economy & market gains

Marta Russell ap888 at lafn.org
Sat Oct 2 09:53:14 PDT 1999


Can an LBOer inform me:

Clinton and co want to prevent the collapse of the “new economy” which has delivered large, I believe historic?, returns from stock market investments. We know money is being consolidated in the hands of the few. The richest one percent of households now control 40 percent of the nation's assets, twice what they had 20 years ago. Since 1983, the value of the stock market has increased 13-fold but less than half of the population owns any form of stocks, and the vast majority of those who do - some three quarters of stockholders - have less than $5,000 invested in the market. The richest 10 percent of Americans own 88 percent of stocks and 90 percent of bonds.

Is there anything out there which shows how much stock market gains (increase in personal wealth for the few) have contributed to the "economic boom" ? I'm not sure what form such a tabulation would take-- a percentage maybe?

-- Marta Russell



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