The false narrative about corporate America balance sheets being in the best shape ever is a joke. They’ve been borrowing like drunken sailors at record low rates to buy back their own stock and pay executives massive bonuses. Now, with interest rates rising, they have to refinance $4 TRILLION of debt in the next 5 years. That should go well. The Fed’s QE and interest rate suppression allowed zombie corporations to stay afloat, rather than allow creative destruction and clearing the system of badly run organizations. Now the chickens will come home to roost. Will you, the taxpayer, bail them out again?
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Does anyone who was alive and lucid in 2007 doubt that for a minute? There is no longer any pretext of objective reality in ‘governance’, i.e. the rule by force of a sacrosanct elite class. We’ve long since entered a full Machiavellian dystopia. THEY own the process and have all rights of ownership and THEY will act in THEIR own interests. Such is the brutal reality of your precious fucking democrazy.
Last I saw, their was 14 basis point spread on the 10 and 30 year. So, inverted yield curve coming? That would be ressesion or the d word coming up?
” …. and pay executives massive bonuses …”
Read yesterday that Toys ‘R Us is paying their top executives MILLIONS of dollars each in bonus bucks just before bankruptcy is finalized. What a country!
I see statements and claims, I don’t see the figures and their sources to back them up that are needed to confirm or deny their validity.
As the corporate elites are paid enourmous bonuses or bailed out and paid “retention bonuses”from taxpayer borrowed funds the shmucks being laid off in many cases cannot even collect unemployment insurance . The part time economy and under 30 hour work week assured that .
So now let’s here about the guy who is doing great after losing his job , all 20 out of 100 MILLON idle workforce !
Better yet the jobs that don’t really exist and the ones that do pay shit for hours worked .
“BUT” the CEO’s who rode the business into a black hole of debt and bankruptcey get a bonus . I wonder who’s asshole buddies control the bankruptcy regulations picking winners and losers ? Funny it’s always the same people winning and the same losing !
Your shit is shit but my shit is stuff is alive and well in the government corporate alliance .
The circle jerk between Wall Street to K-Street to Capitol Street will now really trickle down through the courts owned and operated in favor of the massive crony capitalist circle jerk !
Toys R Us is owned by Bain Capital (in other words, Mitt Romney). They did their usual shenanigans and bankrupted the company, similar to what they did to KB Toys. If the top executives are getting a bonus for their work, then Mittwit is probably included in the payoff.
More information:
https://nypost.com/2017/09/21/bain-capital-has-now-plunged-two-toy-retailers-into-bankruptcy/
Poor Mitt he suffered so much living of American Motors Stock options while in college from Daddy . Then he becomes politically involved and commercially involved in profiting by junking companies including all “THE HELP” selling and scraping using the WR Grace Bankruptcey method . Move all the company assets to shell corporations , have them lease it back from Bain shell then BYE BYE … employees retirement etc etc etc !