No not necessarily

But I guess they're hoping the banks will loosen those purse strings (they wont)

What it will do is allow the banks to borrow more cheaply and re-invest those borrowings in some complex instrument that they don't really understand and don't want to look at too closely but sounds good because everyone else is doing it and they don't want to be left behind by the market. Yes, that worked well last time, let's do that.

Posted By: BerlinCanary, Nov 6, 12:47:19