Losing its magic.
Latest venture capital barometer came out just awful.
Clearly suggesting further GDP deceleration.
This industry is the poster child for the imbalances we see in this cycle.
Loads of easy money fueling loss-making businesses at inflated valuations. pic.twitter.com/zpoPCsvDrL
— Otavio (Tavi) Costa (@TaviCosta) December 28, 2019
— PlungeProtectionTeam (@gamesblazer06) December 31, 2019
largest-ever vix short continues unwind pic.twitter.com/PmHYG2Srj4
— Alastair Williamson (@StockBoardAsset) December 31, 2019
— Invariant Perspective (@InvariantPersp1) December 31, 2019
Americans already don't like 2020 as shown in this morning's Consumer Confidence Survey, and have a perfect 6 out of 6 record in calling recessions pic.twitter.com/HAVVfIzDZm
— Not Jim Cramer (@Not_Jim_Cramer) January 1, 2020
Despite record high stocks, the headline consumer confidence data disappointed, printing 126.5 (down from the upwardly revised 126.8) and well below the hopeful 128.5 expected.
Fuelled by cheap debt and large inflows of cash from pension funds and other investors seeking high returns in a low interest-rate environment, buyout groups are hungry for deals and willing to take on larger and more complex target companies.
Pension funds are hungry for more risk and yield.
Apollo, Blackstone, KKR and Ares, some of America’s biggest private equity firms, have seen shares soar to record highs this year after switching from partnership to corporation status — a move that makes it easier for mutual funds and index trackers to own shares.
Offload to the bagholders I guess.
Her proposed new rules would make private equity groups responsible for the debts of the companies they owned, in effect banning the private equity model in its current form.
I actually agree with Warren on something.