Private equity is creating a price umbrella for new small business entrepreneurs
Already seeing this w/my sons & their friends in skilled trades & skilled service biz's
Start biz's that pvt equity has hiked prices on, make bank.
"Your margin is my opportunity" - Jeff Bezos
@soclose2me
My sister's longtime dentist practice got bought out by a private equity-backed dental group four months ago.
Same office. Same hygienists. Same chairs. Zero new equipment.
Last week they sent the new fee schedule for anyone with insurance.
A routine cleaning that used to run $120 is now billed at $310, with the group quietly dropping several insurance plans they used to accept.
When patients asked why, the new regional manager gave a scripted line about "aligning with market standards."
Private equity figured out the same trick everywhere.
They're buying up the things you can't opt out of: dental, veterinary care, urgent care, hospice, because they know you can't just skip your kid's cavity or your dog's surgery.
This isn't inflation. It's leveraged debt getting loaded onto places you have no choice but to keep paying.
BREAKING: Russia has just struck the CHP-5 power plant in Kharkiv, Ukraine's second largest combined heat and power plant, breaking the US energy ceasefire just hours after Trump announced it.
Zelensky confirms the strike, saying "Just now there was a strike on CHP-5 in the city of Kharkiv."
Trump announced today "Effective immediately, there is an ENERGY CEASEFIRE in the War between Russia and Ukraine. Both parties have agreed. Do not break it!"
Don’t forget the massive bailout that follows - can’t let the pension funds, retirees, and insurance companies fail.
Big print. Move the losses to the taxpayers.
Privatize the gains, socialize the losses.
BREAKING: New onboard footage shows the oil tanker that hit an Iranian naval mine earlier today off the UAE coast during the fire. It's a VLCC carrying 2 million barrels of Saudi crude oil.
Jared Kushner may own nearly every .SI domain, and he might have been buying them in bulk for months before Trump declared AI would be renamed Super Intelligence.
- They were neighbors almost door to door.
- Same age.
- Same dental work.
- Same nose.
- They went out partying together a few times.
- AI facial recognition gives them an 85% probability of being the same person.
- California banned his DNA test
We live in a fucking simulation
U.S. GULF SHUTS DOWN 72% OF OIL PRODUCTION
The U.S. Gulf of Mexico has shut in 71.5% of daily oil production and 58.8% of natural gas output, according to the Marine Minerals Administration.
Personnel have been evacuated from 129 offshore production platforms, representing nearly 35% of manned facilities.
The widespread shutdowns highlight major disruptions to U.S. energy supply amid severe weather conditions.
SHELL SAYS IT IS EVACUATING ALL PERSONNEL AND SHUTTING PRODUCTION AT ITS MARS, OLYMPUS, URSA, VITO AND APPOMATTOX ASSETS, HAVING ALREADY RELOCATED NON-ESSENTIAL STAFF FROM THE STONES ASSET
When mortgage rates were 3%, the monthly payment on a $500K house with 10% down was about $1,900. When rates rise to 9% next year, the same mortgage will cost over $3,600. At that rate, to reduce the payment to $1,900, the price of the house would have to fall by nearly 50%.
BREAKING: 🇺🇸 US 30-year bond yield just hit 5.7% for the first time since 2002.
Back then, inflation was only 1.2%, the Fed funds rate was 1.75%, and the stock market was already in a crash, about 40% below its peak.
Today inflation is almost 3 times higher at 3.4%, and stock market is at all time high.
BREAKING: Ukraine has just struck an oil tanker, which is now burning off the coast of Sochi in Russia's Krasnodar region, with a massive fire and a black smoke column rising several kilometres.
Venezuela's Cardón Oil Refinery, the country's second-largest, exploded and caught fire today.
The facility has reportedly halted operations, per Reuters.