The High-Beta Rich by Robert Frank
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Uploaded by pursuitist on Nov 17, 2011
"The rich are not only getting richer — they are becoming more dangerous." That's according to Robert Frank's new book — The High-Beta Rich: How the Manic Wealthy Will Take Us to the Next Boom, Bubble and Bust — which argues that the spending binges of the top 1 percent have become "the most unstable force in the economy."
According to the Wall Street Journal writer, for some of the high-beta rich wealth is a "mirage in the desert," wherein the facade of fancy trappings conceals massive debt. Frank spoke to NPR's Neal Conan, take a listen. Get the full story at: http://pursuitist.com
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Just disgusting what the extreme wealthy do and act. Especially while there are so many starving in this world. When they lose their shirts they deserve it....
MsMatara 1 week ago
They are the fancy feast cat food to the greedy fat cat investment bankers.
overseachininadoll 2 months ago
The dynamic 1%! They can take risks, but they are not smart enough to control the risks after!
pjcd1961 2 months ago