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Showing content with the highest reputation on 10/28/2023 in all areas
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I think the direction of interest rates determined the outcome here. Rising and now higher for longer interest rates are detrimental to the private equity model, especially the Brookfield variant where they hold large stakes in subsidies. The high leverage packed on assets works both ways great when prices move up and interest rates go lower, but mot so much when things go the other way.1 point