Sales of yachts in the United States were up 30% in the first quarter of the year, a sign that the world's wealthiest people are starting to spend freely again after hunkering down during the recession.
According to the Merrill Lynch survey, demand across luxury goods picked up in the second half of 2009, with the biggest share of what the bank describes as "investments of passion" being spent on collectibles including cars, yachts and jets.
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Tuesday, June 22, 2010
World's millionaires are back to strength after banking crisis
from the Guardian. Hey guys, just in case you were worried, the rich are doing okay!