99% Leftist

Will Wilkinson hits the nail on the head.

When Mr Hayes says that "very powerful interests will brand this as 'left' rather than 99%", he is right, if by "very powerful interests" he means "all the Americans who recognise that the 99%-er message is coming almost entirely from the left". This is certainly a large and powerful group, commonly knows as "Republicans".

While on the topic of the 1%, it is interesting to know that the level of wealth (as opposed to income) controlled by the 1% is actually still significantly below levels in the 1920's and early 1930's.

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About

I studied Bioengineering at the University of California at San Diego. While there I served as a trustee on the investment committee of the UCSD Student Foundation, a group that manages an endowment to fund scholarships. While in college I applied my interest in finance and economics by working as a summer associate at Clarium Capital Management, working part time my senior year, and joining full time when I graduated in 2006, staying there through August 2010. I am currently working as a portfolio manager at another global macro hedge-fund in the Presidio (And blogging about more directly market related ideas at their restricted blog). I’ve been focusing on quantitative finance, currencies, commodities, the interplay between finance and politics, demography and other long term trends.

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