Economic recovery talk is smoke & mirrors as corporate debt bubble ready to bust – Richard Wolff
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Low interest rates allowed companies to borrow money at no cost. But instead of increasing productivity, the financing was used to drive up the cost of shares, setting the stage for imminent collapse, Prof. Richard Wolff told RT. Read Full Article at RT.comEconomic recovery talk is smoke & mirrors as corporate debt bubble ready to bust – Richard Wolff
Low interest rates allowed companies to borrow money at no cost. But instead of increasing productivity, the financing was used to drive up the cost of shares, setting the stage for imminent collapse, Prof. Richard Wolff told RT. Read Full Article at RT.com Read more