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Credit binge hitting US firms
in Sox First, on March 24, 2008
Worrying news with reports that ratings agency Standard & Poor's has a report that 93 American companies are at risk of defaulting on $53 billion in debts, most of it coming from giant leveraged buy-outs carried out by the big private equity firms when the money was flowing thick and f...
The market talks to the Fed
in Sox First, on January 31, 2008
The Fed's one-two punch, cutting rates by half a percentage point , will not do the trick. The aim of the Fed is make it easier for business with better credit and cheaper money. But shortly after, Standard & Poor's spoiled the party by signalling it might lower its ratings on $53...