Who has benefited most from the government bail outs of the economy since 2008? I think that question is easily answered by the FT this morning, which says:
US dealmaking hit an all-time monthly record in May, surpassing the previous highs seen during the peak of the dotcom bubble and the zenith of the debt boom that led to the 2008 financial crisis.
The overall value of deals in US-bound mergers and acquisitions activity amounted to $243bn in May compared to $226bn during the same month in 2007 and $213bn in January 2000, the previous biggest and second biggest months respectively, according to Dealogic data.
That's US quantitative easing money designed to assist the financial sector delivering this rash of activity that will be keeping Wall St, its advisers and the US 1% in profits.
That this type of quantitative easing has also failed is obvious if this is the case.
And yet there is no doubt quantitative easing is still needed: the economy in which most people live and work is not booming, whatever is happening in finance. This is why green infrastructure quantitative easing is so important.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
I agree Richard, but I get the impression that the UK gov. are holding back until the next round of bank bail- outs are due.
Yesterday I received my regular update from ‘Lex’ of the FT which, essentially repeated this. There has never been a better time to be an investor.
Last week a Restaurant manager told me she was surprised my son would expect to be paid for his 3 hour stint in their kitchens as “it was a trial”. Once I’d pointed out to her that trials are what await people that commit the criminal act of not paying NMW he did get his pittance but even so..
These people are taking the p”’