. How billionaires’ secretive speculation threatens the next financial meltdown « JO LEE MAGAZINE

MarketWatch – Here’s the recipe: Start with a few billionaires. Next, let them put trillions of dollars in unregulated pools of capital. Next, add a dash of pandemic speculation.  What could possibly go wrong?

Super-rich individuals—those with over $250 million—form these secretive offices (sometimes called “family funds”) in order to bring their wealth management, tax planning, and sometimes charitable activities under one private roof.

Very interesting Column at MarketWatch





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