How Rich Are the 1%?

The short answer: It depends on where you live. The U.S. is fifth among 25 nations surveyed in the entry point to the richest 1% club.

By Ben Stupples | May 18, 2023 at 08:41 AM

If you want to join Monaco's richest 1 percent, you'll need an eight-figure fortune. It takes $12.4 million to make the cut in the tiny Mediterranean principality, according to research from Knight Frank, where billionaire residents such as UK industrialist Jim Ratcliffe and Walgreens Boots Alliance chairman Stefano Pessina typically don't face income or capital gains taxes.

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1 Trudeau Government Has Likely Blown Past Fiscal Anchor

2 Yields on New China Dollar Bonds Fall Below Treasuries in Debut

3 ‘Rates Will Be a Lot Lower’ in 12 to 18 Months

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5 2024 Alexander Hamilton Awards: Operational Risk Management

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Trudeau Government Has Likely Blown Past Fiscal Anchor

By Erik Hertzberg | November 19, 2024

Facing pressure from economists to restrain government spending, Canada’s Finance Minister promised to hold the FY2023-24 deficit below C$40.1 billion, but the country’s parliamentary budget officer now expects to run a C$46.8 billion deficit this fiscal year.

Trudeau Government Has Likely Blown Past Fiscal Anchor

Yields on New China Dollar Bonds Fall Below Treasuries in Debut

By Ameya Karve, Finbarr Flynn and Lorretta Chen | November 18, 2024

Chinese investors’ enthusiasm is helping China’s dollar bonds trade at lower yields than U.S. Treasuries—a historical anomaly because the U.S. securities have historically been considered the safest of investments.

Yields on New China Dollar Bonds Fall Below Treasuries in Debut

‘Rates Will Be a Lot Lower’ in 12 to 18 Months

By Catarina Saraiva and Laura Curtis | November 18, 2024

Chicago Federal Reserve President Austan Goolsbee says that although the Fed will take its time reducing interest rates, the end result will be much lower rates if inflation stays near the Fed’s target.

‘Rates Will Be a Lot Lower’ in 12 to 18 Months

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