Thanks Citigroup for reminding us that unless we are millionares we are nothing. (copy of leaked internal memo). "We project more income inequality....In a plutonomy there is no such animal as the US consumer....There are rich consumers,few in number, but disproportionate in the gigantic slice of income and consumption they take. There are the rest, the "non rich", the multitudinous many, but only accounting for surprisingly small bites of the national pie...plutonomy is here, is going to get stronger"
Posted on: Tue, 11 Jun 2013 04:17:08 +0000
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