“Kaye Wiggins in the Financial Times explains that private equity groups, including Blackrock, deliberately inflate the value of their own assets – by buying and then selling said assets to themselves. She shows that the buyout business resembles a pyramid scheme with “circular” deals sold between and within private ownership at high valuations – fuelling asset price inflation.”
“Triumphant breakthroughs” are an EU term for further failure, this time with the common agricultural policy. Read here
Sentiment among German companies has deteriorated further at the beginning of the year. The ifo Business Climate Index fell to 85.2 points in January, down from 86.3 points in December. Companies assessed their current situation […]
‘Independent’ pay review bodies exist to disguise government responsibility for slashing wages. Read the article HERE.
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