Max and Stacy look at the publicly listed companies LBO’ing themselves before private equity gets a chance to do it for them. Meanwhile, private equity is buying up mobile home parks betting big on declining living standards for ordinary Americans.
And ordinary Americans now have fewer stocks to buy as companies take themselves private and leave just the businesses making $30,000 per quarter but with multibillion valuations. In the second half, Max continues his interview with Dr Michael Hudson of michael-hudson.com about ‘super-imperialism’ and its decline.
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Do Something!
Max and Stacy discuss day traders begging Elon Musk to ‘do something’ about the stock price of Tesla. At least they haven’t asked the U.S. central bank to intervene . . . yet.
In the second half, Max interviews David Lawant of Bitwise Investments about monetary scaling issues and the upcoming inflation.
Murmuration
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The Inertia Of The Intangibles
Max and Stacy look at growing value of ‘intangibles’ in the stock markets as the real economy disappears only to be replaced by goodwill, derivatives and some memes. In the second half, Max interviews Michael Saylor of MicroStrategy about his big bet on bitcoin as the S&P500 company converts $420 million of their treasury to bitcoin.
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