President elect Donald Trump is off to a shining start. His efforts to remake the country in his image include bizarre political appointments (real), belittling the richest man in the world (real) and fitting his schlong for an Arnold Palmer extension (symbolic).
As this blog is called PEU Report, here's the private equity underwriter (PEU) angle of the Arnold Palmer dangle.
Carlyle Group co-founder and policy making billionaire David Rubenstein is GIDDY! Maybe as giddy as he was in 2010 when the Blue Team let the greed and leverage boys keep their preferred carried interest taxation.
All you disappointed people can take heart in one thing. "Trickle down now." It's like "Simmer down now", the economic version. Be patient and wait your turn for Uncle Sam's largesse to make its way through the Rubenstein's and Schwarzman's. Yes, it may be discolored and gain an odor in the process, but rest assured "your share is coming."
God bless us all. May we survive our grossly imbalanced leaders' insatiable need for more.
Update: The TechGods are also giddy. They used the term "buckle up." I have a feeling we are about to be ridden.
