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 […]

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 […]

Why the art world bubble won’t be bursting anytime soon:

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, […]