Recession Millionaires…Really?!

Reuters recently ran an article stating that the World’s millionaire ranks will be seen soaring through to 2020, it referenced a report by Deloitte which predicts the bulk of the world’s wealthiest families will continue to be found in the United States and Europe, despite the wealth management industry’s obsession with emerging markets. But how is this possible while we are in the teeth of a mighty global recession? If you look back in history to the 1930’s, not everyone suffered … [Read more...]