Armed with record piles of cash, private equity firms are scouring the globe for vulnerable prey. British companies, such as Morrisons, are top of their list
Recent Items
Sunday, November 9, 2025
Asset Strippers Are Preparing to Feast on Britain’s Covid-Ravaged Economy
Topics: Free markets and their discontents, Pandemic, UK
Posted by Lambert Strether at 6:45 am | 51 Comments »
Links 7/17/2021
Topics: Guest Post, Links
Posted by Lambert Strether at 6:58 am | 336 Comments »
Haiti Ruling Families Create and Kill Monsters
How Haiti is a fiefdom for gangs and foreigners pilfering the country’s natural resources.
Topics: Banana republic, Economic fundamentals, Free markets and their discontents, Income disparity, Politics, Ridiculously obvious scams
Posted by Yves Smith at 1:45 am | 22 Comments »
The U.S. Shale Revolution Has Surrendered to Reality
The funding for shale production in the US has dried up as moneybags finally realize that there’s no profit to be had.
Topics: Credit markets, Energy markets, Environment, Global warming, Guest Post, Investment outlook, Ridiculously obvious scams
Posted by Yves Smith at 1:00 am | 20 Comments »
2:00PM Water Cooler 7/16/2021
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 136 Comments »
Hospital ‘Trauma Centers’ Charge Enormous Fees to Treat Minor Injuries and Send People Home
The trauma center ripoff provides more evidence that the medical industry is primarily in the business of exploitation, not care.
Topics: Banana republic, Free markets and their discontents, Guest Post, Health care, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 9:55 am | 36 Comments »
Links 7/16/2021
Topics: Links
Posted by Yves Smith at 6:55 am | 171 Comments »
Vaccine Certificates Are Making Global Travel Harder, Not Easier
Vaccine certificates were ostensibly rolled out to help facilitate cross-border travel as vaccination numbers increased. But thanks to vaccine geopolitics, the opposite is happening
Topics: Globalization, Guest Post, India, Pandemic
Posted by Nick Corbishley at 6:31 am | 37 Comments »
California Senate Shoots Down CalPERS’ Private Debt Secrecy Bill; Board Hissy Fit Reveals It Never Questioned Staff Misrepresentations
CalPERS is no longer being given the benefit of the doubt by the legislature, and can’t handle a request to ‘splain itself.
Topics: Banana republic, Banking industry, CalPERS, Corporate governance, Credit markets, Legal, Politics, Private equity
Posted by Yves Smith at 4:29 am | 23 Comments »
Bad News About Iran and Nuclear Deal
Oof, Biden blows the chance to keep relations with Iran from moving further in the wrong direction by capitulating to his hardliners.
Topics: Doomsday scenarios, Guest Post, Middle East, Politics
Posted by Yves Smith at 3:33 am | 23 Comments »
2:00PM Water Cooler 7/15/2021
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 104 Comments »
Biden Targets Non-Compete Agreements, Which Restrict the Job Opportunities of Millions of Low-Wage Workers
Biden goes after non-compete agreements….but will this effort make a difference?
Topics: Banana republic, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Regulations and regulators, Ridiculously obvious scams, Social policy, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 19 Comments »
Links 7/15/2021
Topics: Links
Posted by Lambert Strether at 6:58 am | 215 Comments »
Robinhood’s Revealing Ad Pitch: We’re All Investors, Alone
The latest Robinhood campaign is more raspberry than rah rah.
Topics: Free markets and their discontents, Guest Post, Hedge funds, Income disparity, Investment management, Moral hazard, Politics, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 5:20 am | 11 Comments »
The Conflict Within OPEC Is Far From Over
Another byproduct of inflation generally and rising gas prices in particular is more eyes on OPEC.
Topics: Economic fundamentals, Energy markets, Environment, Global warming, Guest Post, Investment outlook, Middle East, Politics
Posted by Yves Smith at 4:20 am | 6 Comments »



