Can We Save Corporate America?

7 minutes

What makes this financial crisis so dangerous, is how weak our corporate sector is.

Going into the current crisis, American Corporations are more indebted than at any time in history. It was just a couple of weeks ago that total corporate debt outstanding topped an incredible $7 Trillion Dollars. Never before have the corporate sector piled on this type of leverage.

And contrary to the fashionable thinking of the day, this is most definitely not a good thing.

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Start listening to First It's Labor, Then Capital...
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Start listening to First It's Labor, Then Capital...
26:45