Or is it? Nominal GDP is measured in dollars, which are losing value, so the world's nominal GDP can be giong up just on account on the dollar's devaluation which has been more than 9% last year. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
Indeed, if the 600 000 new millionaires all only own a million, that's already 600 billion ; good for 1.5% of the wealth increase. Also, since house values are not counted, it's possible much of the rise comes from savvy investors selling real estate before the bust... Un roi sans divertissement est un homme plein de misères
