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.
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The Global Financial Crisis »The Global Financial Crisis
Potential consequences of the financial crisis? »Potential consequences of the financial crisis?
US faces severe recession »US faces severe recession
Major nonfinancial companies go bankrupt as well »Major nonfinancial companies go bankrupt as well
Companies bought on borrowed money fail to service debt »Companies bought on borrowed money fail to service debt
Private equity deals of 2003-07 make no economic sense
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