CEO, Parisian Family Office. Began Wall Street 1982. Drexel Burnham Lambert alum. Founded investment firm, Native American Advisors, '95. White Earth Chippewa, raised on reservations. Conservative. NYSE/FINRA arbitrator. Pureblood, clot-shot free. In a world on a social media dopamine binge, he trades from GHOST RANCH on the Yellowstone River in MT, TN farm, PAMELOT or CASA TULE', his winter camp in Los Cabos, Mexico. Always been, will always be, an optimist. Answer to no one.

Wednesday, January 18, 2006

Saving money..............

China had a record 14 trillion yuan (1.74 TRILLION in US dollars) of personal savings by 12/31/2005.

That figure increased 11% from 2004. Chinese families spend 60% of income and save 40% of income. Wait until that money finds its way to United States investment banks scurrying to build presence in China.

American families have on average over $7,000 of credit card debt. Go figure.

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