I remember a citigroup analysis that described this as "Plutonomy" back in 2005. The trend is old, and is continuing. https://delong.typepad.com/plutonomy-1.pd

I remember a citigroup analysis that described this as "Plutonomy" back in 2005. The trend is old, and is continuing. https://delong.typepad.com/plutonomy-1.pdf https://delong.typepad.com/plutonomy-1.pdf