Private equity deals of 2003-07 make no economic sense
At real rates of interest, with real expectations of a reasonable rate of return, many of the deals which have been done since 2003 just do not make economic sense.
CONTEXT(Help)
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The Global Financial Crisis »The Global Financial Crisis
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Potential consequences of the financial crisis? »Potential consequences of the financial crisis?
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US faces severe recession »US faces severe recession
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Major nonfinancial companies go bankrupt as well »Major nonfinancial companies go bankrupt as well
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Companies bought on borrowed money fail to service debt »Companies bought on borrowed money fail to service debt
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Private equity deals of 2003-07 make no economic sense
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