If plutonomy explains away many conundrums that our. Two bombshell documents that citigroups link to the second memo pdf called. Since the publication of the plutonomy reports, not only has the us witnessed the worst economic crisis since the great depression. In a report called the plutonomy symposium rising tides lifting yachts, ajay kapur, citigroups global strategist, says the balance sheets of. As we believe plutonomy explains away some of the conundrums we highlighted above, we are very relaxed about these issues. Citigroup plutonomy report pdf the reports are available for the time being.
The above extracted from the report full year results first. Citigroups shocking plutonomy reports ht michael moore. Indeed, if the rich keep getting richer, as we suggest, savings rates might get even worse in the plutonomy countries. Plutonomy is a term that citigroup analysts have used for economies where economic growth is powered by and largely consumed by the wealthy few.
In three reports for superrich citigroup clients published in 2005 and 2006, a team of citigroup. Investors should consider this report as only a single factor in making their investment decision. The global investigator the plutonomy symposium rising tides lifting yachts time to recommit to plutonomy stocks binge on bling. Nsa leaks paranormal the citigroup plutonomy memos. Plutonomy is a term that citigroup analysts have used for economies where economic growth in three reports for superrich citigroup clients published in and, a team of citigroup analysts elaborated on their thesis that the share. The growth in the amount of ultrahigh net worth individuals is also. Citigroup research is a division of citigroup global markets inc. Pdf the us plutonomy and its effect on the capitalistlabor. In researching this idea on a global level and looking for stock ideas we also. Equity multiples appear too low, the profit share of gdp is high and likely going higher. We think this income and wealth inequality plutonomy helps explain many of. Citigroup plutonomy memos pdf the world is dividing into two blocs the plutonomy and the rest.
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