by Adam English
It never fails. If you want to know who is behind anything, simply follow the money.
Earnings aren’t looking good, sales and revenue are shrinking, and central bank policies are wreaking havoc across all types of equities.
Corporate cash is piling up, but heavily concentrated in a handful of large corporations.
The rest of the market is issuing debt for cheap as fast as it can while the risk vs. reward balance is broken for investors. Companies are borrowing from their future, yet making no plans for when cheap debt will inevitably end.