Thanks Private Equity Funds
Over the past five years.....Private Equity funds have purchased thousands of businesses using incredible amounts of leverage. Companies that once had sound balance sheets are now indebted up to the eyeballs.
As the economy slows, these companies have little in the way of reserves. Many are now on the brink of failure. The debt is on the balance sheets of our finanicial institutions and millions and millions of jobs are in jeopordy.
Imagine the social and finanicial implications as these companies go bankrupt and millions lose their jobs. Amazing how little is discussed about this important issue facing our country.
Its always a party when anyone with a pulse can get a loan.......it is just when the spigot gets cut off.......the hangover sucks.
There is nothing fun about my analysis......it is simply the truth. If the truth bothers you I suggest you call your broker. Without knowledge of the truth....it is impossible to judge the proposed solutions.
If you think the proposals so far will help you.......may I suggest you keep your parachutes on.