COTW: Global Wealth Concentration & The Bear

This chart shows the extreme concentration of wealth among a tiny portion of the world population.  As can be seen from the top of the chart, less than 1% of the world's population control $128.7 trillion of the world's total wealth estimated at $280 trillion.  At the bottom end of the distribution, 70% of the world's people have less than $10,000 in wealth.  They control just $7.6 trillion:

credit: Visual Capitalist.com

It is no secret that the elites' wealth comes primarily from financial investments and resource exploitation.  Many stock market watchers think that the market is ending a very old bull market of ten years duration.  This chart shows that the Dow's recent gyrations, after reaching the highest point in market history, in April have wiped out the year's gain:

The bear cometh, beware the bear!