Posts Tagged ‘companies’

“Since we are not taught to strategically accumulate capital, we rely on the capital of those individuals and institutions who do. We borrow from investors, banks, mortgage lenders, credit card and consumer credit companies in order to pay for the things we need.” -Ryan Griggs

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Leveraged Loans defined:

“…arranged by a syndicate of banks, to companies that are heavily indebted or have weak credit ratings.” -IMF

“…are effectively provided to companies already swimming in debt.” -Nomi Prins

“That was all good and well when interest rates were super low, making it easier for companies to borrow oodles of money,”

“This year, leveraged loan issuance reached an annual rate of $745 billion. That’s nearly the same as the prior record of $762 billion in 2007 before the financial crisis and just a bit less than last year’s record of $788 billion globally.”

“Our universities educate us in languages, arts, mathematics, sciences, and social studies. Our companies train us in team building, managing personalities, leadership styles, and so on. However, no one prepares us for the most important activity in our lives: decision making.” -Dave House

The U.S. national debt ($19.5 trillion) is:

  • Larger than the 500 largest American companies (S&P 500) combined ($19.1 trillion)
  • Larger than the total combined assets of the world’s top seven money managers ($18.9 trillion)
  • 25 times larger than the value of all oil exported globally in a year ($786 billion)
  • 155 times larger than the value of all gold mined in the world in a year ($125 billion)