Matt - interesting read. I liked the linked YouTube interview at the beginning of the segment but had a thought.
It seems that ordinary people’s worry about the economy started in the early 70s, which lines up around the same time as the end of the Breton Woods system we removed gold backing from currency which caused much of the insuring Inflation. You blame the rise of bi partisan corporate politics for the increase in economic fear, but what do you think about the idea that perhaps our monetary policy was to blame?
I’m overall curious on your thoughts of the global currency system and how that may relate to our current issues. It seems we switch currency systems every 30 - 40 years or so, and each period is marked by different issues
If you haven't already, check out William Grieder's "Secrets of the Temple." I believe it will answer these questions and more. It's long, but a surprisingly engaging read.
This was a great piece. I'm left wondering if private equity by their nature is too big not to fail? Lehman was destined to topple because it was too big and too exposed. Blackstone needed to get a bailout from the Obama administration right when Obama was leaving office because Blackstone's huge buy out of the foreclosed homes from the global financial crisis, which left the company in a giant sinkhole of lost assets. Would America repeat this pattern again post covid? Can America even do that given how much money and political will has gotten burned up defending the worst in the American economy?
Matt - Interesting read for sure, but have a few rebuttals. On the point about banks helping small to mid business, if those businesses know on the PE door, or a good sign to question if their business models are sustainable - PEs while debt monsters help businesses be more efficient and longer term. Also, anytime there is dirty politicians involved there is no chance of that transaction to be clean, so a piece focusing on that may show how bad the influenced the political system is by the top PEs
Matt - interesting read. I liked the linked YouTube interview at the beginning of the segment but had a thought.
It seems that ordinary people’s worry about the economy started in the early 70s, which lines up around the same time as the end of the Breton Woods system we removed gold backing from currency which caused much of the insuring Inflation. You blame the rise of bi partisan corporate politics for the increase in economic fear, but what do you think about the idea that perhaps our monetary policy was to blame?
I’m overall curious on your thoughts of the global currency system and how that may relate to our current issues. It seems we switch currency systems every 30 - 40 years or so, and each period is marked by different issues
If you haven't already, check out William Grieder's "Secrets of the Temple." I believe it will answer these questions and more. It's long, but a surprisingly engaging read.
This was a great piece. I'm left wondering if private equity by their nature is too big not to fail? Lehman was destined to topple because it was too big and too exposed. Blackstone needed to get a bailout from the Obama administration right when Obama was leaving office because Blackstone's huge buy out of the foreclosed homes from the global financial crisis, which left the company in a giant sinkhole of lost assets. Would America repeat this pattern again post covid? Can America even do that given how much money and political will has gotten burned up defending the worst in the American economy?
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Matt - Interesting read for sure, but have a few rebuttals. On the point about banks helping small to mid business, if those businesses know on the PE door, or a good sign to question if their business models are sustainable - PEs while debt monsters help businesses be more efficient and longer term. Also, anytime there is dirty politicians involved there is no chance of that transaction to be clean, so a piece focusing on that may show how bad the influenced the political system is by the top PEs
Great content, but you desperately need an editor.