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When Forbes began tracking the wealth of the richest 400 Americans in 1982, it only took $75 million to make the low end of the list. Today, $1 billion is the minimum requirement. If you added up the net worth of the 51 richest Americans last year, the trillionaire mark would be reached. This year, that number is down to 37 individuals. Twenty years from today, will it take only one?
When will the 21st century's first trillionaire be created?
It is a matter of when, not if, according to many wealth experts. Steve Kraus, the chief insights officer of Ipsos MediaCT, which releases an annual survey on wealth, said he would not be surprised to see a trillionaire within the next 25 years.
Andrew Amoils, senior analyst at South Africa-based global affluence tracker New World Wealth dared to be even more specific. Taking into account variables including GDP per capita, wealth per capita, commodity price, exchange rate and price-earnings ratio forecasts—as well as the outlook in specific countries including the U.S., Russia and India—he said there is an 11 percent chance of a trillionaire within the next 25 years (with the U.S. being the most likely domicile, followed by India, which will see the greatest number of new millionaires created by 2039).
"This is a geometric trend. It's not an incremental progression," said Paul O'Brien, an Oxfam vice president who is studying the impact of wealth on global policy. "Existing wealth has a greater capacity to accumulate wealth. ... If we are now at 37 individuals to reach a trillion, will we be down to five people in 2039, with $200 billion each, and 65 years from now, turn those five into one?"
The Forbes 400 aggregate wealth has increased from under 1 percent of national wealth to 3 percent since 1982—even as its ranks have decreased as a percentage of total population. According to tax lawyer Bob Lord—who has become something of an elite wealth wonk since his professional work planning estates in recent decades led him to become acutely aware of the issue, "We're sliding back to Gilded Age levels of wealth concentration. My guess is 2039 is the most likely time frame to cross that threshold."
If Russia continues to stoke unrest in Ukraine, Russia will face further sanctions, Secretary of State John Kerry said Thursday afternoon.
"It will not just be a grave mistake, it will be an expensive mistake," he said. Kerry accused Russia of acting deceitfully and purposefully destabilizing the region. "Nobody should doubt Russia's hand in this," he said.
"Let's get real. The Geneva agreement is not open to interpretation," he said, noting that "Only one side is keeping its word."
Kerry's comments come one week after global leaders met in Geneva and agreed to de-escalate the situation in Ukraine.
"Ukraine is taking concrete steps to move past" the recent weeks of unrest, he said, noting that no Russian officials have publicly pushed for upholding the Geneva terms of diplomatic resolution. They have, instead, steadily stoked unrest.
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(Train For Every Investor)
IF YOU TRY!!!!!!!!
.............YOU MAY WIN OR YOU MAY LOSE.........
...............IF YOU NOT TRY YOU NEVER WIN ..............
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Warren Buffett’s investment ideas asks us to buy stocksof only those companies whose “fundamentals” are very strong and its stock is available at “undervalued price”. When we say strong fundamentals we mean a healthy financial report, unique product line which is run by exceptional managers.
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What To Do Today..........
Our Opininon for Today's Market.......
1.Market Looks Volatile.....
1.Some Insider Say NIfTy go up to 6200
What To Do Today........
Nifty....Today Face Resistance at......6848...6895..6935
Nifty.....Today Support at ..6760...6722...625
Nifty Range...5500--------6900
TRACK ME RESEARCH......
NEXT TGT FOR
Our Opinion for Today's Market.......
1.Stock Specific Movement Expected Today ......
2. Mid-caps Looks Good....
INTRADAY HOT STOCKS: 28/4/2014
buy axis and icici yesbk tgt 3-5 %
buy jswt ab 1105 tgt 1120/1140/1180 sl 1080
buy cromton ab 180 tgt 183/186/190 sl 175
buy ADAG 5% up move soon
buy bob ab 778 tgt 792/800/820
buy IRB ab 117 tgt 120/122/125 sl 114
L&T FINANCE HOLDINGS
(BSE TICKER-533519@ Rs.75/-)
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RBI TO ANNOUNCE NEW BANK LICENCE SOON
L&T HOLDINGS EXPCTED TO GET FIRST BANKING LICENCE !!!!
Rs.90/120/- Rs.150/-
Alert:- Our Subscriber's Long in Stock!!!
DELTA CORP
(Bse Ticker-532848@ Rs.90/-)
Stock Again Ready For Big Up Move
Above Rs.101/-
Uppar Range For Stock Rise to Rs.140/-
TARGET
Rs.120/150 SL Rs.79/-
MARKSANS PHARMA
(Bse Ticker-524404@ Rs.18.80)
Just Watch Rs.19.25 Clsoing Above Rs.19.25
Gate Open For Stock To Cross Rs.28/-
TARGET
Rs.21/- Rs.24/- SL Rs.15/-
Forget Short Term Movment
