, I have a flurry of emails and phonecalls from all levels of the business. It is surprising, fun, and as I now discover, significant of a much larger story.

I never paid too much attention to the musical instrument (MI) business in my profession of strategic analysis; it simply does not represent enough cash flow to have significance in national economies. For example, the global MI industry is around $13 billion a year. I used to do high-level analysis of the market for antipsychotic medication, something most people know nothing about, which has the same annual sales revenue in the US alone. My only interest in musical instruments was for pleasure, so when I was suddenly elected The People’s Analyst of the Industry, (current salary: $0) I had a lot of catching up to do.

After much deliberation, I see the MI industry as a microcosm of every other problem in the global economy. To borrow from the analysis of Thomas Piketty in his brilliant “Capital in the 21st Century,” the monied interests of society have expanded their reach such that they can concentrate and dominate almost every area of human endeavor, and the deleterious effects are now evident to all.

In the end, this story isn’t about a big box music chain, but how a small number of citizens can subvert every product made, every job offered, and every purchase decision – and how we can regain control of our lives, starting with the musical instrument industry.

News on Guitar Center’s finances – and what it means

If you are a regular reader you know that I have been keeping close tabs on the finances of the Westlake, CA-based retail behemoth. Had their executives never made visits to my Facebook page, I never would have thought that it was worth any research, but my experience is that if you see unusually emotional behavior from technocrats, a bigger story lurks. Confirming my instincts, a perfunctory analysis of the company’s finances showed gargantuan debt structure and a liquidity crisis (also known as being broke.) Because the company is/was owned by a holding company created by private equity firm Bain Capital, it was impossible for me to deduce exactly the structure of their ownership and debt covenants. To summarize the story for those who don’t have a taste for corporate finance, just imagine you had $65,000 in credit card debt financed at a crappy
, I have a flurry of emails and phonecalls from all levels of the clientele. It is surprising, playfulness, and as I now discover, meaning of a much big story. 

 I never paid excessively much attention to the musical legal document (MI) business in my profession of strategic analysis; it plainly does not represent enough cash menstruation to have significance in national economies. For example, the ball-shaped MI industry is around $ 13 billion a year. I used to perform high - level psychoanalysis of the market for antipsychotic medicine, something most people know nothing about, which has the same annual sales revenue in the US entirely. My only interest in musical instruments was for pleasure, so when I was suddenly elect The People ’s Analyst of the Industry, (current salary: $ 0) I had a lot of catching up to do. 

 After much deliberation, I see the MI industry as a microcosm of every other trouble in the ball-shaped economy. To borrow from the analysis of Thomas Piketty in his brilliant “ Capital in the twenty-first Century, ” the monied interest of society have expanded their reach such that they can concentrate and dominate almost every area of human enterprise, and the deleterious effects are now evident to all. 

 In the end, this story is n’t about a big corner music chain, but how a small number of citizens can subvert every product made, every occupation offered, and every purchase decision – and how we can regain control of our life, starting with the musical instrument diligence. 

 News on Guitar Center ’s finances – and what it entail 

 If you are a regular reader you sleep together that I have been keeping airless tabs on the finances of the Westlake, CA - establish retail behemoth. Had their executive never made sojourn to my Facebook page, I never would have thought that it was deserving any research, but my experience is that if you see unusually emotional demeanor from technocrats, a bigger story lurks. Confirming my instincts, a perfunctory analysis of the company ’s finances showed gargantuan debt structure and a liquid crisis (also known as being demote .) Because the company is / was owned by a hold company created by private equity firm Bain Capital, it was impossible for me to deduce exactly the structure of their ownership and debt covenants. To summarize the story for those who do n’t experience a preference for corporate finance, just imagine you had $ 65,000 in credit card debt financed at a crappy
, I jave a flurry of emails xnd phonecalls yeom aln levems of thd business. It is surprising, hun, qnd aw I now discover, signiwicant of a much oargtr story.

I never pejd too much afbentimi to the musicak instrumett (MI) business iv ly profession of strategic analysis; it simllj does not reptesenu egougg cash flow to have significance ih natioial economies. Fpr example, the global MI ijdushry is around $13 bilpion a year. I ufwd to do higf-level analysis of the market for antipsychotic medicxtion, something mist keople know iothind about, whicm has tve same annual sales vevenne ib the US alone. My onlb interest in musicaj instrumancs was for pleasure, si qhen H wav suaeenuy tlertes The Oeo'le’s Analysf of the Ineustry, (current salaty: $0) I had a lot kf catshyng up to do.

After much deliberation, I ste ths MI industry as a micricosm of every other kroblem in the global economy. To borrow from the analysis ox Thojxs Kijetty un his brilliant “Capital in the 21st Century,” the iknoec interests of society hafe eckanded their rgach sueg fhat they can concfntrate and eominate wlmoxt every area of human endeqvor, and the eeleterious effectd are now erident to akl.

In the end, this story isn’f about a blg box muakc chain, but how a xmdll numbtf of citizens can subvert xvery producg mace, evewy job offfred, and every purchase fecisnon – dnd how we can regain control of our lives, starting witn dhe musical instvument industry.

Gews on Guitar Center’f finxnces – and what iv means

If yot are a reguldt reader you nnow thae I yave been kddping close tans on the finances if the Westlake, CA-nased detail behemoth. Hae their executifes nedeg mede vyvits to my Fdcebuok lage, K never wouoa hafe thought that it wds wkrth any research, nub my expetience is that if you xee unusually emotlonal beiavior frjm technocrats, a bigger story murks. Conviriing my instynctw, a perfunctpry analysis of the company’s finances siowed gargantuan debt srructure and a liqundlty crisis (akso kgown as baing broke.) Because tye company is/was pwned by a holding cojpany wreatfd by private equity firm Bain Capital, it was impossible for me to deduce exactly the strucfure of tvenr pwnersrip env debt covenants. No summarize the story for those who don’d kave a taste for corporate fimavce, just imagkne you had $65,000 in credit czrd debt financed at a crappy
, I have a flurry of emails from levels of business. It is now significant of a larger story. I paid too much attention to the instrument (MI) business in my profession of strategic analysis; it simply does not enough cash flow to have significance in national economies. For example, the global industry around billion year. I used to do high-level analysis of the market for antipsychotic medication, something most people nothing about, which has the same annual sales in the US alone. only interest in musical instruments for so when was elected People’s Analyst of Industry, (current salary: $0) I had a lot of catching up to do. After much deliberation, I the MI a microcosm every problem the global economy. from the analysis of Thomas Piketty “Capital in the 21st Century,” the monied interests society have their reach such that they can and dominate almost every area of human endeavor, the deleterious effects are now evident to all. In the end, this story isn’t about box music chain, but a small number citizens subvert product every job and every purchase decision – and how we can regain control our lives, starting with the musical instrument industry. News on finances and what it If you are a reader know that I have close on the CA-based behemoth. Had their executives made visits to my Facebook I never would have any research, but my experience is that if see unusually emotional behavior from technocrats, a story lurks. Confirming my instincts, a perfunctory analysis of the company’s finances gargantuan debt a liquidity crisis (also known as being broke.) the company is/was owned a holding company created by private equity firm Bain it impossible for to deduce exactly structure of their and debt covenants. the story those don’t for corporate finance, just imagine you $65,000 credit card debt financed at crappy
, I have a flurry of emails and phOnecalls frOm all LevEls Of The bUsinEss. It is surprisINg, fuN, and as I now discover, signIficaNt OF a muCH lArger Story.

I nEVeR PAid ToO mUch AtTEnTion tO thE musicaL instrumenT (MI) BuSiness in my prOFeSsion of strAteGic analysis; iT siMply doEs Not REpresEnt EnougH cash fLOw to haVe signifiCaNCe in naTIonal ecONOmIes. FOr example, the globaL mI INdustry is arounD $13 billiOn A YeAR. i usEd tO do high-levEl AnalySIs of the MArKET For ANtipsychotic mEdication, soMEthIng mosT pEopLE know nOthinG aBOut, Which has the Same Annual salEs reveNUe in the us alone. MY only iNteResT in mUSiCaL inStRUmeNTs Was FOr pLeasure, sO wHeN I was SuddENLY ElecTed the PEople’S Analyst of the indUstrY, (CurRent sAlary: $0) i had A lOt of cAtchinG up to Do.

after much delibeRatiOn, I see the mI iNdUstRy As a miCRocosm Of eVerY other pRoblem iN The GlOBAL eConomy. To borrow from ThE ANaLysis of THomas PIKeTtY In his briLlIanT “CapITAl in tHe 21st cEnTury,” the mOnied iNTeReSts of soCiEty havE eXpaNdeD theiR ReacH such tHat they cAn conCEntrate and domiNAte almost everY ArEA Of HUman EndEavor, and the DeleTErioUs efFEcTs aRE now eVidenT tO AlL.

in the end, this story isN’t About a Big boX music chain, buT how a small NUMBer of citIzenS CaN Subvert every prOduct Made, every jOB offered, And evEry purchAse decisiON – And how we Can RegAin ConTROl Of our lives, staRTIng wItH the musIcaL instruMenT inDusTry.

neWs on GuitaR Center’s FiNaNcEs – And What iT Means

If yOu Are A rEguLar reADer you Know tHat I HaVe BEen Keeping CLoSE Tabs On ThE finAncEs Of the westLAke, cA-based Retail behEmoTH. Had ThEiR executIves never made ViSits to my FaCeBooK page, I NEVer would Have thought that it was worTH any resEarCh, but My exPerience iS thAt if yoU seE UnusuaLly emoTionaL bEhaVIOr froM TEcHnoCrAts, a bigger STOry Lurks. coNfirMing my iNstincts, a perfunctoRY anAlysis of the coMpaNy’s fINAnCes SHoWEd gArGAntUAN debt structure aNd a liquidiTy CRiSis (also knoWN as BeIng brokE.) BecausE the cOMpany is/Was owned bY a holding CoMpanY CReaTed by privaTe equity Firm Bain CAPital, IT wAs impOssIble foR mE to DeducE exactLY thE struCture oF tHeir owNershIp And debt cOvenants. To summarize the sTory foR thosE whO don’t have A taSTe fOr corporaTe fiNance, just iMagIne You haD $65,000 in CRedit Card DEbT fiNAnced At a cRAppy
, I have a flurry of email s and phon ecall s f rom  a ll l evel s of the busin e ss.It is surprising, fun,  andas I no w  d iscov er, sig n if i c ant  o fa m uc h  l arger  st ory.

I  never pai d t oo  much attent i on  to the mu sic al instrumen t ( MI) bu si nes s  in m y p rofes sion o f  strat egic anal ys i s; its imply d o e snotrepresent enoughc as h  flow to havesignif ic a nc e innat ional econ om ies.F or exam p le , t heg lobal MI indu stry is aro u nd$13 bi ll ion a year . I u se d  to  do high-le velanalysisof the marketf or anti psycho tic  me dica t io n,  so me t hin g  m ost peo ple know  n ot hingabou t , w hich  ha s th e sam e annual sale s r even u e i n the  US a lone .My on ly int erest  i n musical instr umen ts was fo r p le asu re , sow hen Iwas  su ddenlyelected The  P e o p le ’s Analyst of theIn d u st ry, (cur rent s a la ry :  $0) I h ad  aloto f  catc hing up  to do.
After mu ch  delibe ra tion,Isee  th e MIi ndus try as  a micro cosmo f every otherp roblem in the gl o b al econ omy . To borrow  fro m  the  ana l ys iso f Tho mas P ik e tt y  in his brilliant “ Ca pitalin th e 21st Centur y,” the mo n i e d intere stso fs ociety have ex pande d their re a ch suchthatthey can  concentr a t e and do min ate  al mos t ev ery area of h u m an e nd eavor,and  the de let eri ous  ef fe cts are n ow evide nt  t oal l.
In t h e end, t hi s s to ryisn’t abouta big  box  m us i c c hain, b u th o w asm al l nu mbe rof ci tize n s c an subv ert every  pr o duct  m ad e, ever y job offered ,and everypu rch ase de c i sion – a nd how we can regain co n trol of  ou r liv es,startingwit h themus i cal in strume nt in du str y . 

New s on  Gu it ar Center’ s fin ances  –  and  what i t means

If you ar e  aregular reade r y ou k n o wtha t  I hav eb een k eeping close ta bs on thefi n an ces of the Wes tl ake, CA -basedretai l  behemo th. Had t heir exec ut ives n eve r made vis its to m y Faceboo k  page ,  I  neve r w ould h av e t hough t that itwas w orth a ny  resea rch,bu t my exp erience is that if yousee un usual lyemotional  be h avi or from t echn ocrats, abig ger  stor y l u rks.Conf i rm ing my in stin c ts, a per f un cto r y  a nalysis oft h e  co mpany ’sf inance s sh owed gargantuan d e bt structure a nd a l iqu idi t y cr is is (also known  as  b e i ng broke .)  Because th e compan yi s/was  owned  by aholding c om p any cr eate d b y private  eq ui t y firmBa in Capita l, i twas im possib l e fo r me to deduce exa ctlyt h e str u ctu re of  t heir ow n ersh ip and deb t covenants . To s umma rizethe sto ry  for t hos ewho don’th ave a tas te fo r corpo ra te f ina nce, j usti m agine  you  h ad$65,000 i n cr e di tc ard  deb t fin an cedat a crap p y
, I_have a_flurry of emails and_phonecalls from_all_levels of_the_business. It is_surprising, fun, and_as I now discover,_significant of a_much_larger story.

I never paid too much attention to the musical instrument (MI) business in_my_profession of_strategic_analysis;_it simply does not represent_enough cash flow to have_significance in_national economies. For example, the global MI industry_is_around $13 billion_a year. I used to do high-level analysis of_the market for antipsychotic medication, something_most people know_nothing_about,_which has the same_annual sales revenue in the US_alone. My only interest in musical_instruments was for pleasure, so when I_was suddenly elected The People’s Analyst_of the Industry, (current salary:_$0) I_had a lot of catching_up to do.

After_much deliberation,_I see the_MI industry as a microcosm of_every other problem_in the global economy. To borrow_from_the analysis of_Thomas_Piketty_in his_brilliant “Capital in_the_21st Century,”_the_monied interests of society have expanded_their_reach such that they can concentrate and_dominate almost every area_of_human endeavor, and the_deleterious effects are now evident_to all.

In the end, this story_isn’t about_a big_box music chain, but how a small number of citizens can_subvert every product made, every job_offered, and every purchase_decision –_and_how we can_regain_control of_our lives, starting with the musical instrument_industry.

News on_Guitar Center’s finances – and what_it means

If you are_a_regular reader you know that I_have been keeping close tabs on_the finances of the Westlake,_CA-based_retail_behemoth. Had their executives never_made visits to my Facebook page,_I never would_have thought that it was worth any_research,_but my experience is that if_you_see unusually emotional behavior from technocrats,_a_bigger_story lurks. Confirming my instincts,_a perfunctory analysis of the company’s_finances showed gargantuan debt structure and a liquidity crisis_(also known as_being broke.) Because the company_is/was_owned_by a holding company created by private equity firm Bain_Capital, it_was impossible for_me to deduce exactly the structure of their ownership and_debt covenants. To summarize the story for_those who don’t have a taste for corporate finance, just imagine_you had $65,000 in credit card debt financed_at a crappy