The Market Now
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Mark Gimein

Mark Gimein is Companies and Markets editor at Bloomberg.com, and lead writer for the Market Now blog and newsletter. He is a journalist with 15 years of experience covering the economy, and two time winner of Business Journalist of the Year awards.

18th Century Aristocracy

Michel Barthelemy Olivier, "Thé a l'Anglaise" via Getty Images

The great aristocratic fortunes of the 21st century rival those of Louis XV. And beheading is rarer.

If Capital Grows This Fast, How Come Fortunes Disappear?

Thomas Piketty presents a theory of capital accumulation with some awfully optimistic investment assumptions. A lot of heirs believe their inherited wealth will last forever; a fair number of them end up broke.

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The net worth cul-de-sac: Buy a house and pay down the mortgage is the typical American's investing plan.

Photographer: Chris Rank/ Bloomberg

The net worth cul-de-sac: Buy a house and pay down the mortgage is the typical American's investing plan.

U.S. Wealth Hits a Record, Typical Savings Plan Is Still ‘Buy a House’

U.S. household net worth climbed by $3 trillion to surpass $80 trillion in the latest data. It’s a number so dumbfoundingly big it invites Americans to celebrate just what a rich country we are. It shouldn’t.

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