miggymofongo on Nostr: Oh shit nostr:note1uscncm3xgkl2zy28eg0wm83njecn4n57zzs9q3tdedtjhr5dr0gss6wlaq

quoting
note1usc…wlaq

Because Private Equity firms buy up profitable businesses and bankrupt them.

In 2008, banks used adjustable-rate mortgages to take down the global economy. Today, Private Equity is using adjustable-rate business debt to do the same thing — except this time, they’re taking down pensions, jobs, and entire industries.

The next financial collapse is already happening right now.

https://peertube.mesnumeriques.fr/w/id3cJbvDyscU3SfcKTVfKQ

#us #economy