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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There are, in our opinion, two issues for equity investors to consider. Part 1 Part 2. We can see a number of potential challenges to plutonomy. Significantly it notes that: Retrieved equuity ” https: For one thing, its not even clear if the Plutonomy Memos constitute protected copyright material.

In and Citigroup issued two now notorious but highly significant reports for the exclusive use of its richest clients.

Or it could be quotes like these, explaining fears of the plutocrats regarding tax policy: However, Citigroup seems to have been successful in preventing a wider discussion about the memos, due to their legal actions. But we suspect this is a threat more clearly felt during recessions, and periods of falling wealth, than when average citizens feel that they are better off.

You can either use the [ Trackback URL ] for this entry, or link to your response directly. We think that despite the post-bubble angst against celebrity CEOs, the trend of cost-cutting balance sheet-improving CEOs might just give way to risk-seeking CEOs, re-leveraging, going for growth and expecting disproportionate compensation for it. Regarding your closing quote about equal voting power with the rich, I would inreasingly question this. The Managerial Aristocracy, like in the Gilded Age, the Roaring Twenties, and the thriving nineties, needs to commandeer a vast chunk of that rising profit share, either through capital income, or simply paying itself a lot.


At the beginning of the first memo “Plutonomy: We see the biggest threat to plutonomy as coming from a rise in political demands to reduce income inequality, spread the wealth more evenly, and challenge forces such as globalization which have benefited profit and wealth growth. Low-end developed market labor might not have much economic power, but it does have equal voting power with the rich.

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

Download the Citigroup plutonomy memos here: You are commenting using your Twitter account.

We will posit that: This page was last edited on 29 Novemberat Send them to all your local media outlets. Seeing as how Megaupload is offline, here are the Reports via two other links: So it’s interesting when we catch them agreeing with me when stratfgy give citjgroup advice to the investor class.

The March Plutonomy memo, quoted above, has been taken down from the linked site at the request of Citi.


Indeed, traditional thinking is likely to have issues with most of it. This site uses Akismet to reduce spam. Continental Europe ex-Italy and Japan are in the egalitarian bloc. This work is licensed under a Creative Commons License. Email required Address never made public. Therefore it is plutonoy that Citigroup is paranoid that these memos by their analysts are being widely distributed. The SEC requires this so investors will not be misled. While the financial wealth of the sub-millionaires is expected to increase by 3.

Edward Fullbrook has posted some new locations for the Plutonomy Memos. To use Rawls-ian analysis, the invisible hand stops working. Fullbrook has a longer, more comprehensive, and worthwhile paper on all the Plutonomy Memos in Real-World Economics Review.

Smith bruceedmonds Kevin P.


Plutonomics – The Wealth Report – WSJ

Fortunately, this is already happening. Update on Tuesday, April 30, at Perhaps one reason that societies allow plutonomy, is because enough plutnomy the electorate believe they have a chance of becoming a Plutoparticipant.

Why kill it off, if you can join it? Of course, Naomi Klein, being a journalist rather than an investment banker, spent time with the victims of all these policies and thus was pretty pissed off about them.

After some efforts were putonomy within the OWS-community, it is now possible without difficulty to find download links to the memos via google search for example for “download plutonomy memo”.

Look up plutonomy in Wiktionary, the free dictionary. No such requirement applies when Citi speaks to the rest of us—we expect to be lied to, and we are seldom disappointed.

To this end, the rise of the far right in a number of European countries, or calls from the right to slow down the accession of Turkey into the EU, and calls from the left to rebuild trade barriers and protect workers the far left of Mr. The share of this group in global financial wealth would thus increase to 5.

December 10, plato. A few years ago, two copies of these memos were leaked and were published on the internet. Citigroup wrote memos in and addressed to investors, basically saying that the world is dividing up more and more into a small group of rich people who drive the economy, surrounded by a large number of poor people whose economic interests can be wtrategy ignored.

Top Blog at WordPress. Update on Sunday, January 2, at