July 6, 20205 yr Popular Post While the poor get poorer, the pandemic seems to be good for the superrich: Honi soit qui mal y pense!
July 6, 20205 yr Author The source link of the graph above and the quote below: https://www.statista.com/chart/22068/change-in-wealth-of-billionaires-during-pandemic/ Quote U.S. billionaires saw their wealth surge 20 percent since the start of the pandemic according to an analysis by the Institute for Policy Studies and Americans for Tax Fairness. Between March 18 and June 17, the total net worth of 643 American billionaires increased from $2.9 trillion to $3.5 trillion while a further 29 individuals joined the club. While their collective wealth grew by $584 billion, some 45.5 million Americans filed for unemployment.
July 7, 20205 yr Popular Post Almost meaningless. Wasn't March 18th when stock markets were at the lowest? If they picked a date in January before the pandemic started you could probably write the headline "pandemic wipes billions from the riches of the world's wealthiest"
July 7, 20205 yr Popular Post 16 minutes ago, MRtommyR said: Almost meaningless. Wasn't March 18th when stock markets were at the lowest? If they picked a date in January before the pandemic started you could probably write the headline "pandemic wipes billions from the riches of the world's wealthiest" Spot on. The markets have risen some 50% since mid march. This survey obviously picked the date so that it looks like the billionaires are profiting from others' misery.
July 7, 20205 yr Popular Post 2 minutes ago, loong said: Spot on. The markets have risen some 50% since mid march. This survey obviously picked the date so that it looks like the billionaires are profiting from others' misery. Well they are.
July 7, 20205 yr Popular Post 8 minutes ago, loong said: Spot on. The markets have risen some 50% since mid march. This survey obviously picked the date so that it looks like the billionaires are profiting from others' misery. Indeed.. id say the one selling tinfoil to people like the OP is benefiting. The tinfoil hat brigade has rissen a lot.
July 7, 20205 yr Popular Post Who benefits, well my Daughter who is a Surgical ICU Physicians assistant specializing in Covid-19 as a traveling nurse practitioner is benefiting nicely. She is making almost $10,000 USD a week going from one Hospital to the next on the east coast, while other nurses on other States are being laid off as they have no surgical patients.
July 7, 20205 yr The richest families that use politicians as puppets. They get richer every time they create mayhem. Well. Temporarily. Then it all backfires. Hard. If you look back in history, it is always the same. You can keep playing the same game for some time. Then it all comes crushing down.
July 7, 20205 yr Prayuths friends that a lending out money to the government. Don't you worry. It for sure comes with some nice interest rates..
July 7, 20205 yr Popular Post 30 minutes ago, ThailandRyan said: Who benefits, well my Daughter who is a Surgical ICU Physicians assistant specializing in Covid-19 as a traveling nurse practitioner is benefiting nicely. She is making almost $10,000 USD a week going from one Hospital to the next on the east coast, while other nurses on other States are being laid off as they have no surgical patients. Great for your daughter but when you have a nurse earning the equivalent of 1.3 Million Baht a month which is more than a top neurosurgeon or cardiologist would earn in Thailand, it is hardly surprising that proper medical care is out of reach for so many Americans.
July 7, 20205 yr Popular Post Who benefits from the pandemic? Bezos Online retailers Porn-hub and Netflix Grocery chains Alcohol Beverage companies (Everywhere except Thailand) Domino's up 17 percent year to date Bezos
July 7, 20205 yr 1 hour ago, MRtommyR said: Almost meaningless. Wasn't March 18th when stock markets were at the lowest? If they picked a date in January before the pandemic started you could probably write the headline "pandemic wipes billions from the riches of the world's wealthiest" Not a chance and BTW this is not a pandemic. It is a plandemic The first posters subject matter was spot on. Further more any body who voluntarily wears a mask in fear is an idiot. 555 Seriously.
July 7, 20205 yr 25 minutes ago, nervona81732 said: Not a chance and BTW this is not a pandemic. It is a plandemic The first posters subject matter was spot on. Further more any body who voluntarily wears a mask in fear is an idiot. 555 Seriously. Well said, original thoughts, and rousingly persuasive call to action.
July 7, 20205 yr Who benefits? The virus by spreading its RNA, and autocrats who tighten their control. Pretty much everybody else loses to some of extent or another.
July 7, 20205 yr Pharmaceutical companies ...... all now racing to get their vaccine on the market first, whether it works or not! As far as my family in Thailand goes, they keep buying KFC for my daughter, so i guess KFC are making money! The rich also got richer during the black death, did they plan that? Covid-19 is a pandemic. Just not a very deadly one, but it is very infectious. But there was a level of panic at first because deaths rates similar to SARS were feared.
July 7, 20205 yr On 7/6/2020 at 9:52 AM, yuyiinthesky said: While the poor get poorer, the pandemic seems to be good for the superrich: I'm very plain ordinary, so I presume it depends on your source of income, and how you have placed your assets; for example in a stock portfolio. My home-country savings deposit is 13 percent up since January 1st by the end of last week (July 3rd) – data is calculated weekly – and my retirement portfolio is up by 17 percent...???? My Thai SET-portfolie is however down by almost 3 percent...???? Unfortunately I don't have any Amazon og Ali Baba stocks; I thought that train had passed already...????
July 7, 20205 yr Author 10 hours ago, robblok said: Indeed.. id say the one selling tinfoil to people like the OP is benefiting. The tinfoil hat brigade has rissen a lot. I don’t really get your problem with Statista. Do you claim that Statista, who published this statistics and the article, is in the tinfoil hat business? Or do you claim that these 5 billionaires are in the tin foil hat business? Or which is your conspiracy theory?
July 7, 20205 yr 10 hours ago, Captain Monday said: Who benefits from the pandemic? Bezos Online retailers Porn-hub and Netflix Grocery chains Alcohol Beverage companies (Everywhere except Thailand) Domino's up 17 percent year to date Bezos I don't know what Bezos is (most properly American) Porn Hub does not get any of me I don't have Netflix No shortage of alcohol where I live Grocery chains not more profit because less customers Domino"s maybe but I make my own pizza Online retailers yes but that has been for a long time now
July 7, 20205 yr 10 hours ago, Captain Monday said: Who benefits from the pandemic? Bezos Online retailers Porn-hub and Netflix Grocery chains Alcohol Beverage companies (Everywhere except Thailand) Domino's up 17 percent year to date Bezos Don't forget Papa John's and kebab shops.
July 7, 20205 yr The quarantine hotels in Thailand do, as do the labs doing covid testing. Would be interesting to see which if any current politicians sit on the boards of those companies.
July 7, 20205 yr On 7/6/2020 at 8:05 PM, yuyiinthesky said: The source link of the graph above and the quote below: https://www.statista.com/chart/22068/change-in-wealth-of-billionaires-during-pandemic/ Who benefits? The bankers and financiers that loaned the money governments borrowed to throw money at people to lockdown do. They all just got ultra mega rich. The mega rich should be watching their backs as eventually politicians that are not captives of the rich will be elected and deprive them of some of their wealth.
July 7, 20205 yr 7 hours ago, khunPer said: I'm very plain ordinary, so I presume it depends on your source of income, and how you have placed your assets; for example in a stock portfolio. My home-country savings deposit is 13 percent up since January 1st by the end of last week (July 3rd) – data is calculated weekly – and my retirement portfolio is up by 17 percent...???? My Thai SET-portfolie is however down by almost 3 percent...???? Unfortunately I don't have any Amazon og Ali Baba stocks; I thought that train had passed already...???? I hope your "wealth" isn't based on shares. Remember 1987 and 2007/8.
July 8, 20205 yr Who benefits? That would be all single, financially-secured guys presently in Thailand. Life has never been better... if enjoying beautiful Thai girls (plural) is your thing.
July 8, 20205 yr The politicians are benefiting, TV networks (Broadcast and cable) are benefiting, the online retailers are benefiting and most of the bureaucrats are benefiting. YouTube, YouPorn, PornHub, Netflix (and those like Netflix) are for sure benefiting. Criminals (robbers, looters, muggers, murderers, etc) are really benefiting, too. The retirees with only pensions are the same. The retirees who are living off the portfolios may be okay, but some suffered (a lot). The common person and common business owner are typically not doing so well.
July 8, 20205 yr 6 hours ago, thaibeachlovers said: I hope your "wealth" isn't based on shares. Remember 1987 and 2007/8. Thanks for you concern, but I managed to get through both of them crisis without any real problems, and also the dot-com hot air balloon. If your investments are long term, and you are not depending of cashing capital out for ongoing expenses at the wrong time, stock has always come back up. However you might need to take care of the portfolio keeping the "right" stocks at all time; meaning trying to keep as few loss as possible in the portfolie. Sometimes it's probably pure lock – or perhaps there is something more between Heaven and Earth materializing visually in my crystal ball in January saying: »Sell all air traffic stocks«... – I think all investors loose at some point, and gain on others, but it should hopefully sum up positive. Looking over a 100 year period the US-stock market had an average gain of 6-7 percent per year. If you keep the outcome in the market, it means that your portfolio doubles in value every decade. Worth considering when saving up for retirement, not making you rich, but might make your hard earned savings worth a little more than the inflation, when you are going to enjoy your otium, for example in Thailand...???? The trick is to "beat the market", but that might be difficult, even for professionals, but a few seems to manage to do it – sometimes I dream I'm one of them, sitting by a beachfront pool surrounded by beautiful girls bringing me cool drinks...???? – but unfortunately I always wake up to the hard realities of normal life...????
July 8, 20205 yr 6 hours ago, thaibeachlovers said: Who benefits? The bankers and financiers that loaned the money governments borrowed to throw money at people to lockdown do. They all just got ultra mega rich. The mega rich should be watching their backs as eventually politicians that are not captives of the rich will be elected and deprive them of some of their wealth. And you will be talking about China, Japan, Brazil, Retirement funds, Social Security Trust Funds and, yes, a whole bunch of Individuals and Institutions, etc. And worrisome is that the Government will just print money, which means the money we want to exchange into other currency will not buy as much...
July 8, 20205 yr Suspect it will be the ones who gave us the virus that will end up the biggest winners ????
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