thomaspower This 'easy credit' bubble has been duplicated in the parallel universe of student debt. The borrowing of what amounts to years of gross income, to finance the possibility that market positioning will by chance produce enough results to pay down debt before it absorbs net results.
Corporate America is too leveraged. They don't have the cash flows to retire debt so they will have to roll it over at higher rates. The huge takeovers never pan out as promised. By buying in so many shares they have starved investment in things that would make them more competit
Hmm, a powder keg to me is several kilos of cocaine, what dies that mean to the stock market? Cocaine is on the public stocks yet?
Big surprise
The World has changed and AT&T-like companies are the path of the future right now.
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