The Macro Side of Levered Companies

By |2013-10-09T14:49:07-04:00October 9th, 2013|Markets|

The economic pattern we have seen since early 2012 is quite unique. Historically speaking, recessions involve a rather short preparatory phase where the slowdown is first noticeable. Then, there is a sharp drop in income, output and any other indication. Typically, that recession pattern was followed by an equally sharp rise in income, output and nearly every other indication; that [...]