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The bond “vigilantes” (or should that be cuddly bond puppies) are sort of waking up from their sleeping beauty sleep.

Which is so long overdue…..

Because I am tired….so very tired……. of seeing good public companies…the ones that should be in portfolios….taken private by Private Equity carpet baggers…… using cheap/free leverage provided by the FED.

Two take privates have collapsed this week in Australia.,..because the debt has gotten more expensive….so the PE can’t offer the usual 30% premium over market price to get the deal done.

All the good companies were being knocked off the exchange one by one…..

The ASX was being hollowed out….

The good companies that paid real dividends were leaving and being replaced by garbage wealth transfer vehicles……with no dividends and insane valuations…..

Hopefully this is all over…..

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