[lbo-talk] Wall Street Book

Doug Henwood dhenwood at panix.com
Fri Mar 11 12:01:10 PST 2005


Charles Brown wrote:


> Even when the stock market goes nowhere, do many rich people still make
>money on it as a secular trend, by and large ? It's not irrelevant in the
>distributing of wealth , is it ?

Some pros can make money in a sideways market, but it's not good for the rich as a whole. The strong markets of the 1980s and 1990s contributed a lot to the growth in wealth inequality.

Doug



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