Fair, but all that money trickles down. Those people need that money to buy groceries, school supplies, and thrift shop clothing.
"Private equity groups are taking advantage of blockbuster demand for corporate debt by loading companies they own with fresh loans and using the cash to award themselves a bumper payday." I keep being told the Fed is just monetary policy. Weird.https://www.ft.com/content/a9ff463b-01d7-4892-82dc-2dbb74941a16 …
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
What a cozy relationship PE and the fed have.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
What do you expect Powell is x Private Equity guy from Carlyle
-
The writing was on the wall. All anyone had to do was look and see what was coming. I still find it hilarious some serious people thought Powell would turn a new leaf on Fed policy.https://aaronlayman.com/2018/11/jerome-powell-dallas-fed-global-perspectives-in-oblivion/ …
End of conversation
New conversation -
-
-
Part of this I would imagine relates to the Cares Act which increased interest deduction to 50%, from 30, of business interest deductions.
- Show replies
New conversation -
-
-
Zero % interest and high stock valuations make it easy for them to make money without having to work for it.
-
Wage slaves will be the ones to pay for it when the house of cards fall.
End of conversation
New conversation -
-
-
Nothing new. The game is rigged in PE favor. Look at what Ares did in Neiman Marcus case - fraudulent conveyance of Mytheresa assets. That’s a huge story that’s been lost in the shuffle...
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Taking out lower interest debt to replace higher interest debt makes complete sense. The misuse is taking out more debt and personally pocketing the difference. The companies will ultimately pay for that by collapsing, but not the guys who took the money. They’ll be fine.
-
Their equity value will go to zero.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.