The bigger story of how private equity corrupts

Eric Garland Finance Trends, Guitar Center 1 Comment

The other day I was talking with a friend of mine who does intelligence for large corporations. We were discussing my latest on Guitar Center’s subprime bond hustle and she said, “You should talk with Yves Smith from Naked Capitalism – her work on private equity suckering pension funds like CalPERS is a lot like what you are uncovering.” Six …

How to get beyond the parasite economy

Eric Garland Business Trends, Economic trends, Finance Trends, Greatest Hits, Guitar Center

It is the middle of the night between Friday and Saturday, and I am thinking about Guitar Center. If the above sentence appears strange to you, we are in the same boat. I do not know how bizarre and random your life appears to you, but mine is definitely some sort of mysterious fractal. About four months ago, I was …

Guitar Center and the end of big box retail

Eric Garland Greatest Hits, Guitar Center, Retail Trends 233 Comments

As a professional bassist, I buy a lot of musical gear. Let me highlight that, I buy as much musical gear as I possibly can, more than is reasonable or smart. As such, I patronize music stores – all kinds. I love ’em. There is no better therapy than OPG – Other People’s Guitars. One of the places I inhabit …