Private Equity Plays Pass the Parcel
Bubble Trouble: Laying Out Inconvenient Truths About How Business and Financial Markets Really Work · Magnificent Noise
April 22, 202437m 37s
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Show Notes
This week we turn our attention back to private markets where Richard’s prior smoke signals may be bearing fruit. That is, we’re getting reports that private equity is playing pass the parcel: selling assets to themselves that they can’t exit and doing so at their own valuations. Marking your own homework? Delaying a bubble that’s sure to burst? Or is it simply remortgaging from one bank to another. [Repeat from October, 2023.]
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