Is Private Equity A Wolf In Sheep’s Clothing? Authored by Lance Roberts via RealInvestmentAdvce.com, In July 2007, just before the financial crisis erupted, Citigroup CEO Chuck Prince summed up Wall Street’s dangerous exuberance: “When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.” Eighteen years later, Wall Street is dancing again, and the rhythm feels disturbingly familiar. Private equity (PE), once a niche strategy reserved for sophisticated endowments and mega-pensions, is being aggressively marketed to everyday investors. It’s creeping into… — Continue at ZeroHedge News : Read More
