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1. Old News, But Not Enough People Know It This is old news, but old news that most people don’t know about, because Citigroup has been. Ajay Kapur, global strategist at Citigroup, and his research team came up with the term “Plutonomy” in to describe a country that is defined. Equity risk premium embedded in “global imbalances” are unwarranted. Citigroup’s second Plutonomy report, titled “Revisiting Plutonomy.

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We see three reasons to take another look at those plutonomy stocks. Newer Post Older Post Home. References will be subject to editor approval before appearing. We think the balance sheets of the rich are in great shape, and are likely to continue to improve.


But as yet, there seems little political fight being born out on this battleground. Edward Fullbrook has posted some new locations for the Plutonomy Memos. Well anyway, nice citiroup know that great minds think alike, as it were. I have these documents on a Public Dropbox folder, to share with anyone who wants them.

They further see the luxury industry catering to plutonomists threatened by anti-corruption initiatives of China and India. It shows that they consider the end of crony capitalism corporations subsidized by government to be the equivalent of theft: In a paper, which he wrote for customers of his new employer, Bank of America Merrill Lynchone of the largest wealth management firms, Kapur and his team defended Piketty against critics.

Your reference will not appear until it has been cleared by a website editor. The answer is of course yes. Still true, as per evidence by Thomas Piketty and others. You are commenting using your Twitter account. When I try to oped the PDF at the above link http: Buy plutonomy stocks list inside. Could anyone who downloaded this please email it to me. It is easy to drown in a lake with an average depth of 4 feet, if one steps into its deeper extremes.

References 1 References allow you to track sources for this article, as well as articles that were written in response to this article. Firstly, if we are right, that plutonomy is to blame for many of the apparent conundrums that exist around the world, such as negative savings, current account deficits, no consumer recession despite high oil prices or weak consumer sentiment, then so long as the rich continue to get richer, the likelihood of these conundrums resolving themselves through traditionally disruptive means currency collapses, consumer recessions etc looks low.


From CPS News more: So it’s interesting when we catch them agreeing with me when they give private advice to the investor class. December 10, plato.

Our own view is that the putonomy are likely to keep getting even richer, and enjoy an even greater share of the wealth pie over the coming years. Ever since they were leaked to the internet a few years back, Citigroup has been trying desperately to hide these memos from the public.

What if Americans don’t believe into the American Dream any more? It shows that the rich in the US continue to be in great shape. Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they have a chance of becoming a Plutoparticipant. Plutocracies always destroy themselves, and many innocents along with them. That view is vigorously denied in public by banks, other business organizations, their trade groups, editorial boards, economists, policy elites, and other guardians of conventional wisdom.

Email required Address never made public. Sorry, your blog cannot share posts by email. Old Paradigm methodology rethinking economics Old Paradigm Economics Real World Economics Movement revere award Revolving-Door Economists students teaching World Economics Association The Economy Arab World Bubbles budget deficits upward income redistribution crisis debt microcredit debt crisis depression economic development Economy education Eurozone Eurozone Crisis exploitation financial crisis financial markets food globalization Plutonimy Decline of the USA Quality of life indicators Greece Growth health housing bubble income inequality income redistribution inequality jobs Keynes Piketty’s Capital Plutonomy Political Economy Politics and the economy poverty Recession Social Security taxes Uncategorized unemployment tsrategy income and wealth redistribution upward income redistribution The Economy and the Planet economics of climate change oil energy the planet and the economy WEA Books.

View Printer Friendly Version. Plutonomy only works if the members of a society have the impression that they can still participate, despite the harsh inequalities, that they “can join it. The reports are available for the time being: It seems inevitable therefore, that plutonomists and their agents have gone to great lengths to suppress these documents.

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Indeed, traditional thinking is likely to have issues with most cjtigroup it. Both memos can be downloaded as PDFs from here.

Plutonomy – Wikipedia

Email required Address never made public. For example, inUK government withdrawal of financial support bankrupted Railtrack, the UK rail operator, effectively re-nationalizing railway assets on the cheap.

The summary on the first page of this memo, which another report for their super-wealthy investors, boldly presents “Plutonomy” not only as a fact, but a business great business opportunity:.

While there is evidence that this is positive for the average cirigroup for example Ottaviano and Peri it is also clear that high-cost substitutable labor loses. Update on Sunday, January 2, at Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they have a chance of becoming a Pluto-participant.

The Uber-rich, the plutonomists, are likely to see net worth-income ratios surge, driving luxury consumption. While this tends to be something more often seen in countries with a shorter history of capitalist democracy, such as the Ukraine attempts to undo prior privatizationsor Russia where some of our clients believe events surrounding Mikhail Khodorovsky to be a form of nationalizationit can happen in the strangest of places.

So Citigroup did their duty and published two explosive memos, which should have become mainstream news, but eventually did not.

This work is licensed under a Creative Commons License. This needs to stop, as every American and every citizen in the western world needs to know what people like the analysts of Citigroup really think about the inequalities which exist within the societies, how the rich should preserve their domination, and what possible “backlash” can be expected – and what the consequences are of living in a “plutonomy.

Citigroup reports available for download here: From his post bolding is citigruop. Furthermore, the rising wealth gap between the rich and poor will probably at some point lead to a political backlash.