Originally Posted by petegz28
Yeah, that's worked out real well, hasn't it? Nothing like the Fed eroding our $ while at the same time forcing us into the Wall St. game to try and avoid said erosion only to take on the risk that many have no business taking on.
It has worked really well. Banks and businesses have improved their balance sheets. High yield names have lessened their leverage. Ironically, high quality companies have increased their leverage (which won't really be an issue until 2016 when we have a maturity wall starting to hit). We have seen economic growth since 2009 despite tight fiscal conditions.