Subscribe to Value Add by Investopedia on Substack: https://investopedia.substack.com/<br><br>Private capital has been transformed into a $40 trillion asset class by financial innovators from Michael Milken to Leon Black, and now underpins a wide swath of global industries. William D. Cohan, author of the newly released book, “Money to Burn: The Unvarnished Truth About Leon Black, Apollo, and the Rise of a New Wall Street”, describes how we got here, and what dangerous roads private markets and creative financing might lead us down given the immense leverage these firms use to securitize nearly every asset class. Plus, margin debt is spiking just in time for a seasonal stock market swoon. Look out below.<br><br>Learn more about your ad choices. Visit podcastchoices.com/adchoices

What Might Topple the Private Capital Pyramid?

The Investopedia Express with Caleb Silver

On the Express this week, falling into fall. Sweather weather for us. All stocks are hitting the wall, but job gains, they are standing tall. Now the Fed's got the ball. Place your puts, bet your calls. What's behind the glass walls of private equities? Gilded halls. Bill Cohen's got the scoop. He's Wall Street's favorite. Snoop. 40 trillion in their cases. Funky financing. Gains? Amazing. But what happens when it fizzles? When the bottom bottoms out? Who's holding the bag? You and me, no doubt. So let's get smart together. Let's build our fortress.

Because we ride on together on the Investopedia Express.

Welcome back and welcome aboard. Coming to you on a Tuesday this week, given the Labor Day holiday. Good to have you with us as always on the Investopedia Express. Let's get down to it. Stocks kind of meandering and back and forth in the last few months, but kind of pushing with some gains as tech leading the way again. We did have that blowout jobs report last Friday for the month of August, surpassing expectations by a long shot. 162,000 jobs added in the month of August, according to the Bureau of Labor Statistics.

The unemployment rate staying at 4.1 percent unchanged. But June and July revised higher by 55,000 job gains. Remember, the July jobs report? There was a loss of 26,000 jobs. Now, all of a sudden, there are gains. And as we get closer and closer to those midterm elections, these jobs numbers become even more important. But that unemployment rate sticking at 4.1 percent kind of was a slow growth, no hire, no fire environment until the August jobs report,

What Might Topple the Private Capital Pyramid?

Read the full transcript

The candid version is on a podcast,
not the earnings call.

What Might Topple the Private Capital Pyramid?

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.