Why Mitch McConnell Is WRONG, And A LIAR !!!

[WillyT]

Merrill Lynch Global Wealth Management and Capgemini Release 14th Annual World Wealth Report
Wealth Recovery Nearly Compensates for 2008 Losses -- HNWI Population Growing at 17.1 Percent While HNWI Wealth Reaches $39 Trillion
June 22, 2010, 10:30 a.m. EDT - WSJ

<snip>

NEW YORK & PARIS, Jun 22, 2010 (BUSINESS WIRE) -- --Asia-Pacific Leads Emerging Wealth Recovery -- BRIC Countries Continue to Drive Regional Growth

The world's high net worth individuals (HNWIs)(1) regained ground despite weakness in the world economy, according to the 14th annual World Wealth Report, released today by Merrill Lynch Global Wealth Management and Capgemini. The world's population of HNWIs returned to 10 million in 2009 and HNWI financial wealth increased, posting a gain of 18.9 percent to $39 trillion. Ultra-HNWIs(2) increased their wealth by 21.5 percent in 2009. These figures indicate that emerging wealth recovery has nearly recouped 2008 losses, returning to levels last seen in 2007.

"The last few years have been significant for wealthy investors. While in 2008 global HNWI wealth showed an unprecedented decline, a year later we are already seeing distinct signs of recovery, and in some areas a complete return to 2007 levels of wealth and growth," said Sallie Krawcheck, president, Global Wealth and Investment Management, Bank of America.

"The rebound has been, and will continue to be, driven by emerging markets -- especially India and China, as well as Brazil," said Bertrand Lavayssiere, managing director, Global Financial Services, Capgemini. "In fact, Asia-Pacific was the only region in which both macroeconomic and market drivers of wealth expanded significantly in 2009."

While the global HNWI recovery was generally stronger in developing nations, most of the world's HNWI population and wealth remained highly concentrated in the U.S., Japan and Germany, which together accounted for 53.5 percent of the world's HNWI population in 2009, down slightly from 54 percent in 2008. North America remains the single largest home to HNWIs, with its 3.1 million HNWIs accounting for 31 percent of the global HNWI population.

<snip>

Link: http://www.marketwatch.com/story/merrill-lynch-global-wealth-management-and-capgemini-release-14th-annual-world-wealth-report-2010-06-22?reflink=MW_news_stmp

:mad:

:kick:

[liberal N proud]

1. But Mitch McConnell only sees wealthy constituents

The serf who are not among his elite are invisible. Therefore, his theory works for the people he represents.

[nashville_brook]

2. dammit -- i U'd this by mistake... need a backup here... anyone?

Mitch McConnell makes my skin crawl (little shoes).

[DirkGently]

3. Done +1 Willy

[Enthusiast]

4. Me too...nt