So about those jobs you were promised…

“Rather than using record profits, and record amounts of borrowed money, to invest in new plants and equipment, develop new products, improve service, lower prices or raise the wages and skills of their employees, they are “returning” that money to shareholders. Corporate America, in effect, has transformed itself into one giant leveraged buyout.”

Analysis | Beware the ‘mother of all credit bubbles’

Mortgage debt fueled the last bubble. Corporate debt is fueling this one.