Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
Yesterday, the Wall Street Journal noted that the Federal Reserve might conclude its easing of monetary policy this month, disappointing the market’s expectations for further interest rate cuts next year. Business development companies (“BDC”) will rejoice should the Fed stand down, due to the benefits for base interest rates, credit spreads and loan origination.
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