“Corporations are borrowing against their net worth, as opposed to borrowing against cash flow and income, which in effect is the same thing households were doing in 2004, 2005 and 2006.”

via CNBC: The roots of the next recession could lie in U.S. corporates’ debt-to-cash ratios, a top U.S. economist warned Wednesday. The cash-to-debt ratio of speculative-grade borrowers reached a record … Read more

IT’S “HATE” ON THE RIGHT BUT IT’S “PASSION” ON THE LEFT: Coons Dodges on ‘Extreme Tactics’ Used Against GOP Senators, Praises ‘Well-Justified’ Passion of Left-Wing Activists.

via freebeacon: Sen. Chris Coons (D., Del.) dodged a question about threats against one of his Republican colleagues Wednesday, instead praising the “passion” of activists who oppose Supreme Court nominee Brett Kavanaugh’s … Read more