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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realitybase – Journal – The Citigroup Plutonomy Memos

All three Citi plutonomy memos are available here. We see three reasons to take another look at strategj plutonomy stocks. The authors of these studies predicted that the global trend toward plutonomies would continue, for various reasons, including “capitalist-friendly plutnoomy and tax regimes”. Learn how your comment data is processed. The share of this group in global financial wealth would thus increase to 5.

Low-end developed market labor might not have much economic power, but it does have equal voting power with the rich. In a number of other countries — the non-plutonomies — income inequality has remained around the levels of the mid s.

Wealth concentration Economic inequality. The citizens in the “Plutonomies” are expected to swallow this bitter pill. Well anyway, nice to know that great minds think alike, as it were. One reason is that the US central bank Federal Reserve is reducing their asset purchases. Cities by number of billionaires Countries by number of billionaires Most expensive strategyy Wealthiest animals.

In this book, plutono,y shows a strong long-term trend toward more concentrated income and wealth. The World is dividing into two blocs — the Plutonomy and the rest.

To find out more, including how to control cookies, see here: The first, and probably most potent, is through a labor backlash.

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Plutonomics

Download the Citigroup plutonomy memos here: Equity multiples appear too low, the profit share of GDP is high and likely going higher, stocks look likely to beat housing, and we are bullish on equities. Both memos can be downloaded herebut the first one seems to be a bit corrupted. Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they have a chance of becoming a Pluto-participant.

We think the balance sheets of the rich are in great shape, and are likely to continue to improve. You can find the first report here: Notify me of follow-up comments via email. Our own view is that the rich are likely to keep getting even richer, and enjoy an even greater share of the wealth pie over the coming years.

Just send e-mail to gil —AT— merced-a. Reader Comments 1 Searching for the Citigroup reports?

Citkgroup using this site, you agree to the Terms of Use and Privacy Policy. Those being undercut are losers in the short term. Richard William Posner permalink. Independent media will be delisted from search engines and their domains could be blocked.

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. Buying Luxury, Explaining Global Imbalances”the analysts introduce the subject:. From CPS News more: 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.

Yes, equuity could possibly “go wrong? PIMCO’s Bill Gross is also advising investors in the world’s largest mutual fund that policies that protect US wages from developing world competition would be bad for investment returns.

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 plutnomy some of our clients believe events surrounding Mikhail Khodorovsky to be a citirgoup of nationalizationit can happen in the strangest of places.

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The blog “No Apparent Motive” reported that they received a take-down letter from Citigroup’s lawyers after they posted a download link to a copy of one of the memos:. They further see the luxury industry catering to plutonomists threatened by anti-corruption initiatives of China and India.

The October memo is here. Well, it could be the above quote from memo 1 a point made several times throughout the documentexplicitly linking the trend of growing income inequality to the stuff neoliberal politicians are always trying to push on governments.

That means independent blogs, media outlets, etc. Fortunately, this is already happening.

Citigroup attempts to disappear its Plutonomy Report #2 | Real-World Economics Review Blog

From Wikipedia, the free encyclopedia. My e-mail is leninha. The answer is of course yes. If only it were that. What if Americans don’t believe into the American Dream any more?

Corporate tax rates could rise, choking shrategy returns to the private sector, and personal taxation rates could rise — dividend, capital-gains, and inheritance tax rises would hurt the plutonomy.

Edward Fullbrook has found and written about another Citi plutonomy memo. The reports are available for the time being: This 35 page report begins:. A third threat comes from the potential social backlash.

Update on Thursday, November 11, at Yes, they are real, and instead of being discussed on mainstream media outlets all over America and beyond, Citigroup was surprisingly successful so far in suppressing these memos, using their lawyers to issue takedown-notices whenever these tsrategy were being made available for download on the internet. Update on Monday, May 30, at

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