Are criticisms of private equity fair? Financial historian Edward Chancellor, author of a definitive history of past speculative excesses, from the South Sea Bubble onwards, and a brilliant new book about the folly of low interest rates, gives his verdict in his latest contribution. An earlier version of this article first appeared on the online financial website, Reuters Breakingviews.  

Private equity squeezed from all sides The private equity boom came to an abrupt halt last year when the U.S. Federal Reserve started hiking interest rates. Still, Bain & Company’s latest Global Private ...