Apr
15
The art market will not be hitting rock bottom anytime soon!–
April 14, 2008
Despite Tough Times, Ultrarich Keep Spending
By CHRISTINE HAUGHNEY and ERIC KONIGSBERG
Who said anything about a recession? Sometime between the government bailout of Bear Stearns and the Bureau of Labor Statistics report that America lost 80,000 jobs in March, Lee […]
Jan
30
So how did I derive this wonderful category?
From Robert Frank of the Wall Street Journal, of course!
Robert Frank, Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich, Crown (June 5, 2007)
I’m a great admirer of his writings on the sad state of affairs of people of wealth: the die-hard […]
Dec
25
Why the art world bubble won’t be bursting anytime soon:
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December 15, 2007
Report Says That the Rich Are Getting Richer Faster, Much Faster
By DAVID CAY JOHNSTON
The increase in incomes of the top 1 percent of Americans from 2003 to 2005 exceeded the total income of the poorest 20 percent of Americans, […]