The Roundup #10

The private equity wealth extraction machine, bad new for US unemployment, and more AI bubble jitters...

Welcome to another episode of my Substack podcast, The Roundup, where you can listen to all my Substack content for the week in one place, read by me!

This week, I’ll be reading the following pieces:

Parasiti-capitalism: How Investors Drain Companies and Call It Growth

This is a guest post is from Rachel Wasserman, former investment banker and M&A dealmaker turned economic reformer, who writes about financialization. You can subscribe to her substack here.

What I read this week

Unemployment, housing, and the usual warnings about bubbles...

Here is the piece I referenced on why the US economy is a house of cards.

And here is the piece on housing.

Thanks again for being a paid subscriber and listening to the podcast - I wouldn’t be able to do any of this without you!!

In solidarity,

Grace