Plutonomy Ignoring Middle Class Pain Is Big Mistake: BAML – ValueWalk Premium

plutonomy

29 Jun

Plutonomy Ignoring Middle Class Pain Is Big Mistake: BAML

Plutonomy -- economics that exclusively benefit the very wealthiest in a society -- is a problem that could destroy the developed world from within. The problem is, the plutonomists are not paying attention, a Bank of America Merrill Lynch report says.

BAML: "Middle and lower-middle income families have not benefited from global growth in the past . . .

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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