Comment

Two-Thirds of the Cuts in Ryan's Budget Come from Low Income Programs

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Achilles Tang4/06/2011 5:38:05 pm PDT

re: #136 celticdragon

According to Citigroup, the UNited States is a plutonomy run by and on the behalf of, the top 5% in terms of wealth. The document suggests that so much wealth is concentrated at the top that it is now advisable to ignore investing in consumer products for the lower and middle classes and steer investments towards high end luxury items.

There is one alternative. Buy Chinese company stocks (on the US exchanges), and I see some on Wall Street are now touting Egyptian stocks.