Thursday, March 09, 2006

Another Positive Indicator

Shhh....don't tell Paul Krugman. If he finds out the economy is doing this well, his head might explode :
As emerging stock markets surged during the past year, 102 wealthy people around the world won a much-coveted title along with their stellar gains — they all became billionaires.

The number of billionaires around the world rose by 102 to a record 793 over the past year, and their combined wealth grew 18 percent to $2.6 trillion, according to Forbes magazine's 2006 rankings of the world's richest people.
People are getting richer and the stock market is soaring, but I'm sure the shrill one will find a way to twist this in a negative way. Krugman may be an "economist" who makes his living trashing capitalism, but in my eyes he's a lunatic even by the Times' dismal standards.