At the end of this week central bankers from around the world will be meeting in Jackson Hole. The conference has attracted a lot of attention over the years as both Alan Greenspan and Ben Bernanke have used the occasion to signal major shifts in policy. 835 more words
Tags » Corporate Investment
A toxic cocktail.
American corporations borrowed more in the years following the Financial Crisis than ever before. Debt was dirt-cheap even for the riskiest borrowers, and they went out and sold bonds and borrowed from banks, and blew the proceeds on funding operating losses, buy each other out in a record-breaking wave of M&A, and buy back their own shares. 345 more words