Iskrene čestitke

| 16. april 2008 | Svet | Jure

Džon, jaz bi bil pa tvoj pr’jatu…

Hedge fund manager John Paulson of Paulson & Co. took home $3.7 billion last year, making him the biggest earner in the industry, according to Alpha Magazine. Vir

IHT:

Hedge fund managers have redefined notions of wealth in recent years. And the richest among them are redefining those notions once again.

Their unprecedented and growing affluence underscores the gaping inequality between the millions of Americans facing stagnating wages and rising home foreclosures and an agile financial elite that seems to thrive in good times and bad. Such profits may also prompt more calls for regulation of the industry.

Even on Wall Street, where money is the ultimate measure of success, the size of the winnings makes some uneasy. “There is nothing wrong with it — it’s not illegal,” said William Gross, the chief investment officer of the bond fund Pimco. “But it’s ugly.”
…

Since 1913, the United States witnessed only one other year of such unequal wealth distribution — 1928, the year before the stock market crashed, according to Jared Bernstein, a senior fellow at the Economic Policy Institute in Washington. Such inequality is likely to impede an economic recovery, he said.

“For a recovery to be robust and sustainable you can’t just have consumer demand at Nordstrom,” he said. “You need it at the little shop on the corner, too.”Vir