If This Is All True, Then What?
A recent article we stumbled on makes some claims that causes us to ask: If this is all true, then what? As it turned out the author answered the question in short order. The experience of reading the article spurred some thinking. So we thought sharing our thoughts might be of some benefit to those who remain puzzled regarding what we have called "dysfunctional" financial markets. Here goes... First, for context, our author reminds us of the years of cheap money available to businesses ever since the the so-called GFC (Great Financial Crisis) of 2007-2009. Until fairly recently, businesses (and speculative investors like hedge funds) could borrow money at close to zero percent. That luscious apple was apparently as enticing as the one Eve munched on in the Garden of Eden. (Actually, there's not mention of an apple in the Bible, but somehow we all think of her (and Adam) eating an apple.) So with the eating of the apple of basically "free" money, there were con...
