China
Double-digit returns for PE are highly unlikely the next five to ten years while massive return dispersion means many LPs will see outright losses. Institutional investors’ love affair with private equity reached new heights in 2021 while bears are nowhere to be seen. Everyone, simply everyone, loves private equity
China
I don't usually pay much attention to quarterly GDP releases but China's Q3 report is interesting for two reasons. One, it’s completely consistent with an economy that hasn’t meaningfully rebalanced away from a heavy reliance on government-directed investment spending, despite years of talk
Economy
The Wall Street Journal Editorial Board's Portrayal of Trump's Economic Track Record before Covid-19 is Fake News All the opinion polls show the same thing: the single issue on which Trump is perceived as better than Biden is the economy. Not law and order, not