Thread: Economics The "Fed"
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Old 02-26-2014, 09:05 PM   #54
petegz28 petegz28 is offline
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Join Date: Feb 2005
Location: Olathe, Ks
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Quote:
Originally Posted by KC native View Post
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.
Gee, I am sure the person on a tight budget that can't get a savings account that pays over .02% is pretty pleased to hear the banks are doing well. Never mind all the other ancillary effects of an eroding $ like increased costs of commodities. The important thing is those banks and big companies....**** the people who bailed them out. I mean like they matter, right??
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