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Yachts and the not have-Yachts
1st February 2008
The number of US dollar billionaires has risen according to this BBC audio-visual clip and luxury goods and luxury service providers are reaping the benefit. The surge in the number of dollar billionaires from the emerging market countries is a key part of the trend but the rise is also due to several years of rampant asset price inflation (stocks, property and commodities) allied to the fall in the external value of the US dollar on the global foreign exchange markets. The Forbes list of global billionaires for 2007 can be found here.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.