Citigroup plutonomy report pdf

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. It urged investors to put money into a plutonomy index. Now the political fight has been born, and the next citigroup report to investors may begin with welcome to the plutonomy backlash. The above extracted from the report full year results first thoughts, 2 march 2006. We think this income and wealth inequality plutonomy helps explain many of. In october 16, 2005, citigroup came out with a brochure for investors called. A few months ago i wrote in this blog that the uk is turning into a plutonomy. Oct 30, 2019 citigroup plutonomy report pdf the reports are available for the time being. Citigroup research is a division of citigroup global markets inc.

In 2005, citigroup came out with a brochure for investors called plutonomy. Citigroup plutonomy memos pdf the world is dividing into two blocs the plutonomy and the rest. The term plutonomy first appeared in a memo sent by the global bank citigroup to its wealthiest clients. Citigroup preferred stock series aa, c, j, k, l and s are also listed on the nyse. 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 takedownnotices whenever these memos were. Jan 08, 2007 its well known that the rich have an outsized influence on the economy. Citigroup wrote memos in 2005 and 2006 addressed to investors, basically saying that the. Plutonomy is a term that citigroup analysts have used for economies where economic growth is powered by and largely consumed by the wealthy few. The plutonomy symposium rising tides lifting yachts.

Citigroup plutonomy report pdf the reports are available for the time being. Its well known that the rich have an outsized influence on the economy. Back in october, we coined the term plutonomythe global investigator, plutonomy. If plutonomy explains away many conundrums that our equity. May 10, 2019 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. Citigroup went to great length to suppress the reports distribution on the web schmitt, 2011, although the original author later tried to rebut allegations that. Aug 25, 2019 citibank memo plutonomy pdf are they real. White collar criminologist william black dissects a 2005 citigroup memo intended for its wealthist clients.

Citigroup published a report which they files6674234citigroupoct162005plutonomyreportpart1. Citigroups shocking plutonomy reports ht michael moore. Apr 28, 2019 ajay kapur, global strategist at citigroup, and his research team came up with the term plutonomy in to describe a country that is defined. A love story, publicized the citigroup plutonomy reports. Back in 2005, ajay kapurthen cfa of citigroupproduced this industry note describing investor and consumer behavior in economies where a very small portion of the population controls a very large portion of national wealth.

Citigroup analysts have also used the word plutonomy to describe economies where economic growth is powered by and largely consumed by the wealthy few. In a report called the plutonomy symposium rising tides lifting yachts, ajay kapur, citigroup s global strategist, says the balance sheets of the rich are in great shape, and will get much better, which is why he recommends going out and buying stocks of companies that cater to that very select market. Capgemini and rbc wealth management, world wealth report 20. Citigroup attempts to disappear its plutonomy report which shows that the us economy is designed to increase income inequality and should be expected to do so in the future. Nsa leaks paranormal the citigroup plutonomy memos. Dec 01, 2011 in my surprisingly arduous attempt to find 2007 revenue figures for citigroup yesterday, i ran across something called the plutonomy report. White collar criminologist william black dissects a 2005. Annual report full web version annual report pdf proxy statement. The other citigroup plutonomy memo mentioned in michael moores. Michael moores leaked citibank plutonomy memo unsettling. I think in the nearly 2 years since written, the fissures i spoke about havecitigroup plutonomy report, part 1, oct 16, 2005. In the october 2005 note, the analysts said that plutonomies have occurred. Putting that number in context, we generated strong earnings operating as a smaller company, with a lower headcount, more focused footprint, and dramatically different mix of businesses and assets from what citi was a decade ago.

The brochure says, the world is dividing into two blocs the plutonomy and the rest. Sources 1 citigroup plutonomy report 1 200510 pdf the 2007 michael moore movie, capitalism. Sep 25, 2019 plutonomy is a term that citigroup analysts have used for economies where economic growth is powered by and largely consumed by the wealthy few. Thats the question people usually ask when they hear for the first time of the citigroup plutonomy memos. Jun 22, 2018 8 sep 2009 in a plutonomy, according to citigroup global strategist ajay kapur, economic growth is below is at least part of the report. Nonus research analysts who have prepared this report, and who may. Citigroups shocking plutonomy reports democratic underground. Two bombshell documents that citigroups lawyers try to suppress, describing in detail the rule of the first 1%. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this repor t. John ruskin is quoted as having referred to plutonomy as a base or bastard science.

Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they have a chance of becoming a plutoparticipant. Our thesis is that the rich are the dominant drivers of demand in many economies around the world the us, uk, canada andaustralia. Citigroup plutonomy memos pdf united pdf comunication. Citigroup was criticized for disrupting the european bond market by rapidly selling 11 billion worth of bonds on august 2, 2004 on the mts group trading platform, driving down the price, and then buying it back at cheaper prices. Citigroup attempts to disappear its plutonomy report which. Wait, now that i look around, i see that yves smith at naked capitalism posted about this on october 15, 2009, almost three years ago, and called for people to protest the annual meetings of the american bankers. Aug 01, 2019 citigroup plutonomy memos pdf the world is dividing into two blocs the plutonomy and the rest. The vanishing citicorp plutonomy reports the american dream is a con played by the rich on the rest. 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 takedownnotices whenever these. Two bombshell documents that citigroup s link to the second memo pdf called. Welcome to the plutonomy machine, began a 2005 report by three citigroup analysts to their investor clients.

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. Luckily for us, i have access to all manner of expunged primary source documents through bit torrent. Oct 16, 2010 the citigroup plutonomy memos saturday, october 16, 2010 at 04. The full report is available here marplutonomyreportleakedcitigroupmemopart1. So there was a period of stagnation and decline for the majority alongside a period of sharp concentration of wealth. Buying luxury, explaining global imbalances download pdf first citigroup plutonomy report. Yes, they are real, and instead of being discussed on mainstream media outlets all over america and beyond. Because citigroup s common stock is listed on the nyse, the chief executive officer is required to make an annual certification to the nyse stating that he was not aware of any violation by citigroup of the corporate governance listing standards of the nyse. Citigroup wrote memos in 2005 and 2006 addressed to investors, basically saying that the world is dividing up more and more into a small group. Citigroup plutonomy report part 1 oct 16, 2005 the world is dividing into two blocs the plutonomy and the rest. The nations top 1% of households own more than half the nations stocks, according to the federal reserve. Citibank leaked memo plutonomy pdf in, citigroup came out with a brochure for investors called plutonomy. Oct 16, 2005 citigroup published a report which they files6674234 citigroup oct162005 plutonomy report part1.

If it disappears from there, hunt for the filename citigroup oct162005 plutonomy report part1. In a report called the plutonomy symposium rising tides lifting yachts, ajay kapur, citigroups global strategist, says the balance sheets of the rich are in great shape, and will get much better, which is why he recommends going out and buying stocks of companies that cater to that very select market. Two bombshell documents that citigroup s lawyers try to suppress, describing in detail the rule of the first 1%. Two bombshell documents that citigroups lawyers try to suppress, describing in detail the rule of the first 1% politicalgates truth11 on december 29, 2011 that there also exists an additional third, shorter citigroup memo, dated september 29, 2006, which is being mentioned here. The citigroup plutonomy memos saturday, october 16, 2010 at 04.

People would probably get angry about it, except the second plutonomy report has been steadily disappearing from the interent since it leaked. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this rep ort. Apr 19, 2020 citibank memo plutonomy pdf are they real. The plutonomy symposium rising tides lifting yachts im nothing compared to s abner doon when it comes to finance but if the following documents from citigroup are real then here is proof from 2005 that citigroup and possibly others knew the financial meltdown and housing crisis that came in 2007 and 2008 was on its way soon. The last 4 pages of this 18page report consist of conflict.

Citigroup proprietary government bond trading scandal of 2004. Citi strives to create the best outcomes for our clients and customers with financial solutions that are simple, creative and responsible. 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. Jul 02, 2019 citigroup plutonomy report pdf the reports are available for the time being. Plutonomy entered the language as late as the 1850s in the work of john malcolm forbes ludlow. Heres citigroup plutonomy report part 2 in convenient. If it disappears from there, hunt for the filename citigroupoct162005plutonomyreportpart1. Spending by the uberrich overwhelms that of the average consumer and helps explain why. Yes, they are real, and instead of being discussed on mainstream media outlets all over america and beyond, citigroup. Aug 30, 2012 maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away. Pdf the us plutonomy and its effect on the capitalistlabor. Citigroups second plutonomy report, titled revisiting plutonomy.