You know inflation when you see it. You see it at the gas pump and the grocery store. You see it on the college tuition bill. You see it on vacation—if you can get there. Joe Biden can talk until he's blue in the face about inflation. He can talk about meeting Fed Chairman Powell. But talk is cheap. Actually, talk is anything but cheap. Talk is expensive. Because the closer team Biden gets to the midterms, the more the inflation tsunami builds, washing over the electorate, encouraging a wave of record voter turnout. In my conversations with you, you're telling me about lifelong Democrats in … [Read more...]
Archives for June 2022
“Some Parts of Private Equity Look like a Ponzi Scheme”
In a recent presentation, Vincent Mortier, chief investment officer of Amundi Asset Management, raised the alarm over certain parts of the private equity market, calling them a Ponzi scheme. Katie Martin reports for the Financial Times: Europe’s largest asset manager has likened parts of the private equity industry to a “Ponzi scheme” that will face a reckoning in the coming years. “Some parts of private equity look like a pyramid scheme in a way,” Amundi Asset Management’s chief investment officer Vincent Mortier said in a presentation on Wednesday. “You know you can sell [assets] to … [Read more...]
- « Previous Page
- 1
- …
- 3
- 4
- 5