Shutdowns happen sometimes, but the Rs have played enough brinkmanship with the debt ceiling in the past to spike Treasury rates.
Denmark hits back at Trish Reagan. (Doesn’t seem super recent)
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Sorry, I don’t believe for a second that rich people are fine with a huge stock market tank job.
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You’re probably right. There has been a significant trend to get big money out of public markets and into private markets though. One of the rationales is that public markets are overbought and excessively volatile. Like if you have $100M you can buy into a fund full of private equity or infrastructure deals or stuff like that where Reddit goofs can’t impact your investment (directly).
I haven’t seen much evidence private investing outperforms, though. Certainly not private equity or hedge funds, net of fees. I suppose you could argue large private firms (where you own the whole thing) outperform, but bidders are going up against public firms who can always just issue more stock to bid, so I doubt it?
PE has definitely outperformed historically, even net of fees. 2000-2020 PE returns were strong vs. public markets. But now that it’s “trendy”, the future looking returns aren’t very attractive. With more $s chasing private investments, the most attractive private deals are getting snatched up and inevitably the private funds will be plowing the $ into Plan Bs and Plan Cs because there is just a demand/supply dynamic there. In the next 10-20 years my guess is that privates will outperform public by a modest amount roughly equal to the liquidity premium for tying up your money in the private fund. The one big advantage public markets have is the liquidity. You can bail on your public equity investments for very low cost. For private funds the contracts lock you in.
As an aside, don’t forget that “private investments” is a bit of an umbrella term. It would include direct competition with public firms in the equity space, but it also includes a lot of frankly sweat heart deals negotiated with governments for example. Building infrastructure can be lucrative as heck, and bureaucrats with an eye on their early retirement date can and do get fleeced by private capital. Similar dynamics exist in real estate where big returns can be won by influencing municipal regulators.
God’s.
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…but what’s foreign to god?
Europe.
…but the Pope is in Europe!
Africa then!
Oh and I suppose you think that’s the real Pope?
Just because they tell you so? Wake up sheeple!
Not to mention there’s no diplomacy like “lethal diplomacy”.
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God’s a Mormon, it turns out.
Concentrated global capital. As always.
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Jesus. Just say he’s nuts.
He’s just trying to say “I want to be able to continue to kill brown people” without saying those exact words.
LOL, that’s what I was thinking. Dude must think UK’s top “diplomat” is James Bond.
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