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You can read them here. If you read them, you see that Citi is not saying the plutonomy is a good thing. They're just treating it as a fact, and here's how to profit from it. That's what investors do.
Plutonomy refers to a society where the wealth is controlled by a select few and where economic growth becomes dependent on that same wealthy minority. The term was popularized by Citigroup global ...
The stakes of the November 2 mid-term elections are coming more sharply into focus. The plutocrats have unlimited money, they have a media machine devoted to their viewpoints, and they have a ...
The right to a good education. FDR held out a very different vision from our current “ plutonomy,” in which nearly all the economic gains, power and security are held by the few. He finished: ...
Matt Yglesias has been one of the primary outliners of this scenario, and you should read his take. But I would say that it really only makes sense if you believe we live in a plutonomy, where the ...
Plutonomy refers to the rich, those who buy luxury goods and so on, and that’s where the action is. They claimed that their plutonomy index was way outperforming the stock market.
In the mid-2000s, Kapur and his then-colleagues at Citigroup Inc. used the term “plutonomy” to describe economies where income and wealth are increasingly concentrated at the top.
Investing Group Comments (1.23K) Leave it to Citigroup to screw up the trivia. Plutonomy is the study of plutocracy, which is the form of government we're all referring to here.
It has been more than five years since equity strategist Ajay Kapur introduced the idea of a " plutonomy "--an economy dominated by the spending and consumption of the wealthy.
Plutonomy refers to the rich, those who buy luxury goods and so on, and that’s where the action is. They claimed that their plutonomy index was way outperforming the stock market.
Is America a plutonomy? It's dangerously unstable when 5 percent of American earners account for 35 percent of all consumer spending By Michael Lind Published October 5, 2010 11:01AM (EDT) ...