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Sigh

The amount of capital invested by private equity firms into companies doubled last year to $1.1tn, shattering the previous record of $804bn set back during the go-go debt-fuelled days of 2006, according to Bain & Company.

Not really, no:

Chained inflation averaged 2.06% per year between 2006 and 2022, a total inflation amount of 38.64%. According to the Chained CPI measurement, $1 in 2006 is equal in buying power to $1.39 in 2022, a difference of $0.39 (versus a converted amount of $1.47/change of $0.47 for All Items).

Inflation over the period somewhere between 38 and 49%, depends on the measure you want to use (no single one of them is “right”).

$1.1 trillion in 2022 is less than $840 billion in 2006.

And this is the supposedly good end of the financial commentary market, the lead guy at the Telegraph…..

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