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Train Drain

…what happens when private equity takes over. It is a good read. Deregulation and private equity have gutted the U.S. freight rail system—and with it, the promise of America’s industrial…

Are Refis Contractionary?

…Liabilities up $700/months. To balance that equation, Equity has to go down $1,400/month. Bank B has Assets up $700/month, Liabilities unchanged, and therefore Equity up $700/month. Net for the system…