How shielded are bonds, banks, stock market against geopolitical turbulence
Military escalation in the Middle East has caused oil prices to rise to $77 per barrel this week
Oil: Excess global supply holds prices down despite Israel-Iran conflict
Despite geopolitical fire in the Middle East, supply sufficiency and weak demand limit the rise in oil prices
Money exists – But only for the few: Half of global wealth in the hands of 60 million people – The millionaires next door and the 15 with $2.4 trillion!
According to a UBS report, the U.S. is “creating” 1,000 new millionaires every day – Individuals with wealth between $1M and $5M have quadrupled – The countries with the most billionaires