The Billionaire Next Door Driving Up Housing Costs for Everyone
The rich are busy turning the 20th-century dream of owning your own home into the grubby 21st-century reality of renting your own home forever.
Read more...Category Archives: Private equity
We Deserve Medicare for All, But What We Get Is Medicare for Wall Street
An overview of health care, particularly Medicare, rentierism, with private equity playing a starring role.
Read more...FTC Chief Gears Up for a Showdown With Private Equity
Over the past three years, FTC and Department of Justice officials have signaled they would apply more scrutiny to private equity acquisitions in health care, including roll-up deals in which larger provider groups buy smaller groups in a local market.
Read more...New Technologies to Get Around Old Laws: Algorithms Being Used to Evade Antitrust Rules, Fix Prices and Worse
Is organizing a price-fixing cartel still illegal if an algorithm tells you to do it?
Read more...“Should CalPERS Fire Everyone and Just Buy Some ETFs?”
Another well-substantiated critique of CalPERS’ investment performance.
Read more...CIA-Connected Private Equity to Buy Italy’s Critical Communications Infrastructure
Telecom Italia’s downfall over the past thirty years mirrors the disastrous path of the Italian state since joining the EU.
Read more...Could It Be the Fed’s Mega-QE Created So Much Liquidity That Tightening Doesn’t Work until this Excess Gets Burned Up?
Financial Conditions loosen further: credit markets blow off the Fed to make sure “higher for longer” gets entrenched? That would be funny.
Read more...Beware Climate Finance Charade
Finance has increased, not reduced, greenhouse gas emissions. Yet the industry is bizarrely touted as part of the solution.
Read more...The Increasing Financialization of Germany
The FIRE sector capitalizes on Germany’s industrial decline as government diverts money from social programs to military.
Read more...CalPERS Chief Investment Officer Nicole Musicco Resigns Abruptly, Intensifying CalPERS’ Senior Staffing Instability
CalPERS lurches into a new crisis. The official story of the sudden resignation of CIO Nicole Musicco does not add up. What gives?
Read more...Income Share Agreements for Higher Education Get a Rebrand
Agreements in which students owe a percentage of post-graduate income are likely to lead to more peonage as Wall Street is eager to get in on the action.
Read more...Private Equity on Campus: Why College Students Are Sleeping in Cars
College students are still unable to find housing despite enrollment dropping since the start of the pandemic, and a major price-fixing lawsuit against corporate landlords sheds light on why.
Read more...“Venture Capital Funds Are Mostly Just Wasting Their Time and Your Money”
Yet more evidence that venture capital is good for the fund managers, not so much for anyone else.
Read more...Quelle Surprise! High Fee “Alternative Investments” Produce Serious “Negative Alpha” as in Underperformance as Managers Get Rich
In his latest paper, investment expert Richard Ennis continues showing how alternative investments destroy value.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Thirty-Three: Uber Isn’t Really Profitable Yet But is Getting Closer; The Antitrust Case Against Uber
Hubert Horan takes another hard look at Uber financials and finds much not to like.
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