Gordon Gekko Feels the Bern?
It was reported last week that Asher Edelman, the investor that inspired the character of Gordon Gekko, supports Bernie Sanders. He was quoted to say that:
Well, I think it's quite simple again. If you look at something called velocity of money, you guys know what that is I presume, that means how much gets spent and turns around. When you have the top 1% getting money, they spend 5-10% of what they earn. When you have the lower end of the economy getting money, they spend 100-110% of what they earn.To find out more, please click here.
Do you agree with what Edelman has to say? Does he have a point and did you expect him to back Sanders? Comment below.
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