Tuesday, January 20, 2015

New PEU Growth Talk at Davos

I'll offer a different description of David Rubenstein's Davos talk.

How are private equity underwriters betting on commodities (like energy) with cheap debt (growing cheaper by the day) and public pension fund money (looking for huge returns), while taking advantage of persistent unemployment to keep wages low?  

That's my take on Rubenstein's PEU talk.