Maybe I’m the last person who’s hearing about the Citigroup “plutonomy memos”, but they’re blowning me away. Wait, now that I look around. The full report is available here MarPlutonomy-Report-Leaked-Citigroup-Memo-Part1. In , Citigroup came out with a brochure for investors called “Plutonomy: Buying Luxury, Explaining Global Imbalances.” It urged investors.
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It’s like some kind of sick children’s fable. Top Blog at WordPress. Why ;lutonomy it off, if you can join it? No stalking or plutonomh. If there is one group of people who need to know the truth about what is really going on within the society and the economy, minus the propaganda, then it’s businesspeople who have a lot of money to invest, and who want to invest wisely.
I checked all the stocks listed in the documents. These guidelines exist to further that reputation.
Welcome to Reddit, the front page of the internet. During this discussion, Ajay Kapur the author of the plutonomy-theses, which is closely related to Piketty’s theses, entered the public stage again in May Citigroup seems to be perfectly happy with the rule of the rich.
The idea of worker takeovers is something which is, incidentally, very much on the agenda today, and we should keep it in mind. Buying Luxury, Explaining Global Imbalances https: One reason is that the US central bank Federal Reserve is reducing their asset purchases.
It just defies belief. 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. But as yet, there seems little political fight being born out on this battleground. Why kill it off, if you can join it?
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This 35 page report cjtibank Follow Blog via Email Enter your email address to follow this blog and receive notifications of new posts by email. The fact that the Occupy movement is unprecedented is quite appropriate.
I managed to get 2 from the Greencard site…. Rules are explained in depth at FAQ page. You can see it right now, in fact.
But as yet, there seems little political fight being born out on this battleground.
Plutonomics – The Wealth Report – WSJ
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.
They should be required reading. Take a look at the big topic in Washington that everyone concentrates on: Views Read Edit View history.
That means independent blogs, media outlets, etc. Writing the hagiography of the plutocrats has always been an unfortunate role.
Therefore it is apparent that Citigroup is paranoid that these memos by their analysts are being widely distributed. Plutocrats repent, your end is near. You have to form the structures that will be sustained, that will go on through hard times and can win major victories. It led to the concentration of wealth increasingly in the hands of the financial sector.
Submission Statements are required citibbank link and image posts. There are a lot of reasons for it. The answer is of course yes. To use Plutpnomy analysis, the invisible hand stops working.
I suppose I’ll read it over morning coffee. They posit a few reasons for this plutonomt The Uber-rich, the plutonomists, are likely to see net worth-income ratios surge, driving luxury consumption.
Bigoted slurs are not tolerated. Take, for example, Citigroup. Download a copy of these memos. Log in or sign up in seconds. Posting links in other subs pointing to specific submissions or comments here is subject to a ban, depending on context.