http://davidstockmanscontracorner.com/2014/03/22/fisher-outs-bubbles-ben-qe-was-a-massive-intended-gift-to-the-1/
And all [the QE and bailouts] was done in pursuit of some whacked-out,
latter-day Keynesian version of "trickle down" economics, which,
according to Bubbles Ben, was for the good of the average American--even
if they didn't appreciate it, comprehend it, demand it, or vote for
it... Today credit market debt outstanding in the business
sector exceeds $13.5 trillion, but virtually all of the incremental gain
of $2.5 trillion has gone into leveraged financial engineering. The
evidence for that is everywhere in plain sight. We have now
returned 2007 bubble conditions-- including peak rates of junk bond
issuance, massive share buy-backs, rampant leveraged recaps based on
so-called covenant lite "senior" loans being scooped up by agents of
toxic debt called CLOs''
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