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Rise of the Super-Rich Hits a Sobering Wall

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"The rich, as a group, are no longer getting richer. Over the last two years, they have become poorer. And many may not return to their old levels of wealth and income anytime soon."

Let's pause for a moment. It would be easy to take a cheap, populist-tinged pot shot here... and I guess that's what I like about it, that it's so easy!

"Just how much poorer the rich will become remains unclear," the Times notes, saying it will be determined by, among other things, whether the stock market continues its recent rally and, our guess, whether or not solid gold wrist watches the size of bulk carrier nautical compasses come back into vogue.
SOURCE:   New York Times