…inflation back under control (April 2024 Fiscal Monitor). Yield volatility and nominal term premia (the higher interest rates paid on long-term versus short-term bonds) have also increased markedly on U.S….

…involving the realdefinition of private equity, not the pun one I used in the title of this post—that also hasn’t received enough media attention: the difference between Bain-style private equity…

…jump– that hedge fund, private equity and other money managers are doing “sweat equity” that adds to the value of the assets under management, and should be viewed analogously to…

…think. No comment needed. Creswell, Julie and Peter Lattman. 2010. “Private Equity Thrives Again, but Dark Shadows Loom.” New York Times (29 September) Dealbook Special Section: p. 1. http://dealbook.blogs.nytimes.com/2010/09/29/private-equity-thrives-again-but-dark-shadows-loom/?ref=business “This…

Yves Smith at Naked Capitalism lists posts and links to documents on private equity agreements well worth taking the time to read through and comment. The list is extensive so…

…are correlated with high returns. Equity returns over 5 years periods are negatively correlated. Other things equal low equity prices are correlated with high returns. Other things equal low equity…

The Famous Baseball-Watching Equality-Equity Graphic, Scrutinized   Here’s the graphic, widely used to explain why equity outcomes require unequal treatment of different people. Benjamin Studebaker (hat tip Naked Capitalism) doesn’t like it…

With regard to the Albertson – Kroger merger.   CEPR’s Eileen Appelbaum discusses a private equity profit scheme involving the Kroger/Albertsons grocery megamerger. Albertsons will pay out about a third of…

…Monitor: Record Levels of Tappable Equity, Fed Rate Cuts Could Spur Resurgence in Home Equity Withdrawals As of the end of Q3 2024, U.S. mortgage holders held $17.2T in equity,…

…the housing bubble) for two key reasons: 1) mortgage lending has been solid, and 2) most homeowners have substantial equity in their homes. Last week, CoreLogic reported on homeowner equity: CoreLogic:…