Loading ...Private Equity time bomb
https://twitter.com/DavidBCollum/status/1749969491310637264 11 min vid
Ponzi by any other name, as firms borrow at rising rates to cover payout obligations to investors on illiquid investments that can’t be priced and would sell only at firesale prices. WCPGW?
Thanks for posting. This guy is excellent. He covers economic and company specific topics that are under the radar and does a good job of researching and explaining. I am a big fan since I first started seeing his stuff a number of months back. This topic is a repeat of UK’s pension problem a year or so ago as he mentioned. It may not be the only reason but it is ANOTHER reason why the FED will be cutting BEFORE March.
Sirs Pedro and ChartsMaster,
I still believe that this time is different. Somehow Fed understands that inflation cannot be brushed under the rug (it can still lie about unemployment rate and jobs numbers)
So, I tend to not agree with you here: as rates are picking up again and treasury auctions are getting ugly/uglier, Fed will be forced to “delay” its first planned rate cut.
https://twitter.com/zerohedge/status/1750217661219217583
Also, Sir Fully did a vote last week (at my request) about the rates scenario in 2024.
What did you vote for?
GL
Concur. Fewer rate cuts if any at all.