CITIGROUP EQUITY STRATEGY PLUTONOMY PDF

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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They are also perfectly happy to suppress these explosive memos.

Plutonomics – The Wealth Report – WSJ

At some point it is likely that labor will fight back against the rising profit share of the rich and there will be a political backlash against the rising wealth of the rich. The Managerial Aristocracy, like in the Gilded Age, the Roaring Twenties, citigrohp the thriving nineties, needs to commandeer a vast chunk of that rising profit share, either through capital income, or simply paying itself a lot. The reports are available for the time being: But they seem to have been largely ignored by scholars.

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Meanwhile Private Equity and LBO funds are filling the risk-seeking and re-leveraging void, expecting and realizing disproportionate remuneration for their skills. Consensus analyses that do not tease out the profound impact of the plutonomy on spending power, debt loads, savings rates and hence current account deficitsoil price impacts etc, i.

The World is dividing into two blocs — the Plutonomy and the rest. Could the plutonomies die because the dream is dead, because enough of society does not believe they can participate? The Revenge of Inequality” they state that in the long term the drivers of the further concentration of wealth stratwgy intact, including globalization and capitalism-friendly governments. From CPS News more: Edward Fullbrook has found and written about another Citi plutonomy memo.

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To find out more, including how to control cookies, see here: But does placing so much money in so few hands also straategy risks? Buying Luxury, Explaining Global Imbalances. A few years ago, two copies of these memos were leaked and were published on the internet. So what are we talking about? One stratgey the key forces helping plutonomists over the last 20 years has been the rise in the profit share — the flip side of the fall in the wage share in GDP.

More info about eqyity campaign here. Thanks for posting — you might like this one too: Fortunately for the investors, the analysts at Citigroup also considered these points and started to think about the plebs who, as history shows, have a tendency to be unruly, if poor. Regarding your closing quote about equal voting power with the rich, I would inreasingly question this. We will posit that: Sorry, your blog cannot share posts by email. The second memo, titled “Revisiting Plutonomy: It shows that they consider the end of crony capitalism corporations subsidized by government to be the equivalent of theft: Ultimately, the rise in income and stategy inequality to some extent is an economic disenfranchisement of the masses to the benefit of the few.

Leave a Reply Cancel reply Enter your comment sstrategy However in democracies this is rarely tolerated forever. We can see a number of potential challenges to plutonomy.

Concentration of wealth and spending in the hands of a few, probably has its limits. Part 1 Part 2. The first, and probably most potent, is through a labor backlash. Seeing as how Megaupload is offline, here are the Reports via two other links: Post a New Comment Enter your information below to add a new comment. Send them to all your local media outlets. You are commenting using your Twitter account.

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We project that the plutonomies the Citigrooup.

The Rich Getting Richer” deals mainly with the plutohomy for investments which follow the analysis in the first memo. Why kill it off, if you can join it? To use Rawls-ian analysis, the invisible hand stops working.

Therefore it is apparent that Citigroup is paranoid that these memos by their analysts are being widely distributed. Journal Updates by Email. Both reports were leaked and made available on the WEB.

Plutonomics

Ever since they were leaked to the internet a few years back, Citigroup has been trying desperately to hide these memos from the public. The fact that a work is unpublished shall not itself bar a finding of fair use if such finding is made upon consideration of all the above factors. Plutonimy, they warn that in the short-term there is potential for a backlash.

Outsourcing, offshoring or insourcing of cheap labor is done to undercut current labor costs. In this book, he shows a strong long-term trend toward more concentrated income and wealth.