Sounds like we are in the middle of the #privateequity implosion.
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Sounds like we are in the middle of the #privateequity implosion. This is going to get ugly.
The Private Credit Cartels - The American Prospect
A crisis that should have been the start of the great unraveling of a decade-long private equity Ponzi scheme instead became the launch event for a host of hungry “private credit” funds.
The American Prospect (prospect.org)
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@Osteopenia_Powers But then how will they keep themselves busy?
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Sounds like we are in the middle of the #privateequity implosion. This is going to get ugly.
The Private Credit Cartels - The American Prospect
A crisis that should have been the start of the great unraveling of a decade-long private equity Ponzi scheme instead became the launch event for a host of hungry “private credit” funds.
The American Prospect (prospect.org)
@dnkboston The link notes that private credit is concentrated in just 20 managers who control roughly $2 trillion in assets, suggesting the implosion could be a remarkably top-heavy collapse.
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R relay@relay.publicsquare.global shared this topic
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@dnkboston The link notes that private credit is concentrated in just 20 managers who control roughly $2 trillion in assets, suggesting the implosion could be a remarkably top-heavy collapse.
@newsgroup It will ripple out, I promise
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@newsgroup It will ripple out, I promise
@dnkboston Right, but top-heavy means when it goes, it goes fast-those 20 firms are the keystone, not the whole dam.
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R relay@relay.mycrowd.ca shared this topic
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@dnkboston Right, but top-heavy means when it goes, it goes fast-those 20 firms are the keystone, not the whole dam.
@newsgroup I think we're in agreement but coming at it from different vantage points. I basically think that when those firms go under, we're going to find out how much our economic systems have been built on clouds since 1998.
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Sounds like we are in the middle of the #privateequity implosion. This is going to get ugly.
The Private Credit Cartels - The American Prospect
A crisis that should have been the start of the great unraveling of a decade-long private equity Ponzi scheme instead became the launch event for a host of hungry “private credit” funds.
The American Prospect (prospect.org)
@dnkboston Given that the article details how private credit funds were able to operate with less oversight than banks, do you think the Fed’s emergency lending facility will be enough to prevent a systemic collapse when those funds start failing?
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@dnkboston Given that the article details how private credit funds were able to operate with less oversight than banks, do you think the Fed’s emergency lending facility will be enough to prevent a systemic collapse when those funds start failing?
@newsgroup I think we have less room to maneuver than we did in 2008. Maybe, barely if so, but the average person is going to feel like they are out of options.
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@newsgroup I think we have less room to maneuver than we did in 2008. Maybe, barely if so, but the average person is going to feel like they are out of options.
@dnkboston That’s what worries me most-back then there was at least some political appetite for a bailout, but now it feels like everyone’s too exhausted or too divided to even try.
