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GenZedong • 1 year ago

Citigroup’s Plutonomy Memo: “There are rich consumers, and there are the rest”

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Citigroup’s Plutonomy Memo: “There are rich consumers, and there are the rest”

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GenZedong • 1 year ago

In October 16, 2005, Citigroup came out with a brochure for investors called “Plutonomy: Buying Luxury, Explaining Global Imbalances” urging investors to put money into a “Plutonomy Baske…

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