from King World News
The public is lining up to pull money out of homes at near record levels, but that is not the only surprise.
October 19 (King World News) – Danielle DiMartino Booth, Quill Intelligence: In increasing numbers, firms are buying revenues. At a conference Friday, Goldman Sachs President John Waldron cited ultra-low interest rates as a driver of Mergers & Acquisitions (M&A) for big companies outside hard hit industries. “And the market is giving them the license to do M&A, encouraging more consolidation,” he added. There’s no doubt about the “licensing” with the equity prices of solid players a hard and powerful corporate currency.
That said, Waldron warned that the M&A wave was not cost-free: