Saturday, May 16, 2009

The Poor's Savings

The Economist reported this week (16 May 2009, p. 82) that the world's poor have such difficulty saving that they actually pay effective negative rates on the order of 30 to 40 percent per annum. I've known about this for some years now and already developed a business plan that would allow U.S. mutual funds to tap this latent market. Before you cry no way, check out the article "Reducing the Poor's Investment Risk: Introducing Bearer Money Market Mutual Shares" in the Journal of Financial Transformation, available free here.

The real question is not how to help the poor to save but why The Economist's reporters didn't find and report on my article.

4 comments:

Caren said...

Dear Site Owner,
My name is Caren.
We would like to say that your blog is well-written and it contains lots of useful and up-to-date information.
We really got interested in your web resource and we would like to cooperate with you in future.
Our website is devoted to credit cards and it's at the top 10 in Google for the keywords 'credit cards'.
It's a high traffic site with PR4 and it contains loads of useful financial information presented in news and articles
that highlight the most much-talked-of issues such as credit cards, debt solutions, financial crisis, ways out of it, and many more.
We believe this information can awake interest in your guests as well.
We would like to purchase some links at your site.
We thank in you in advance for your cooperation.
Best regards,
Caren.
caren@acclaimnetwork.com

Fixed Index Annuity said...

Awesome article! I have gradually become fan of your article and would like to suggest putting some new updates to make it more effective.

Diane said...

Dear Mr. Wright,

About five years ago, while helping my mom pack to move, we found 15 old letters dated 1816 – 1817 all addressed to Roswell L. (Lyman) Colt Esq. of Baltimore; (born 1779, died 1856). The letters all pertain to financial business with numerous individuals including John Campbell White, Mr. C. Carroll, Nicholas Biddle, Mr. O, Leroy Bayard, L. Ogden, W. Caton, Barring Brothers, and many more. Most are written by Mr. A. H. Lawrence, but a few are from Caton, Hughes (?) and Biddle. They mention The Bank of the U.S. and are letters folded then sealed with a red wax stamp from New York with just the month and day, not the year or envelope. They each mention banking transactions with one stating, “Thus set the branch at Baltimore draw on Phila for a Half a million of dollars. Phila draw on New York for the same amt. The thing is as we (unclear of handwriting) the bank pocket the difference of exchange.” I have found that Roswell Colt’s father was Peter Colt (1744-1824) the founder of Paterson, NJ and he had a brother named John who was born in 1786. My mom wanted to try to find out why Vera (Hanington) Darenberg (her aunt),came to have these letters. Her grandfather’s name was Southward. Since I know these letters deal with an area of interest of yours, I could send you some copies of the originals to review and let me know what you can make out of these.

Thank you,
Diane
Titusville, Fl

Murad said...

Good day,

I wanted to see if you would like to review a book about business changes after the crash in exchange for a small review on your site. If you are interested in reviewing it would be very much appreciated. The book can be purchased at http://www.magconsulting.biz/magitems.html

Just send me a quick email and I will send you the book. Thank you so much. muradenterprises@yahoo.com

Murad