Encouraged By The Fed, Corporations Accelerate Debt Binge
The Federal Reserve- once among those sounding the alarm- now is helping corporations pile on debt. Despite the risks, this latest borrowing binge- unusual amid a punishing recession- may be the only way to avoid even more short-term pain for the U.S. economy. It's going to be a significant head wind to the recovery, “said Michael Farr, founder of Farr, Miller and…
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