The WeWork and Flow saga illustrates what has been the case for almost two decades: the investment banks, venture capital funds and private equity firms are awash in capital, and they are desperate to find productive uses that money. Of course, the Larry Kudlows of the world will rant and rave that any move to raise capital gains or mar…
The WeWork and Flow saga illustrates what has been the case for almost two decades: the investment banks, venture capital funds and private equity firms are awash in capital, and they are desperate to find productive uses that money. Of course, the Larry Kudlows of the world will rant and rave that any move to raise capital gains or marginal tax rates, or institute a tiny tax on share buybacks (corporate treasuries are also bulging with cash) will result in the destruction of capital formation.
The WeWork and Flow saga illustrates what has been the case for almost two decades: the investment banks, venture capital funds and private equity firms are awash in capital, and they are desperate to find productive uses that money. Of course, the Larry Kudlows of the world will rant and rave that any move to raise capital gains or marginal tax rates, or institute a tiny tax on share buybacks (corporate treasuries are also bulging with cash) will result in the destruction of capital formation.