Lie To Me

I almost fell off my chair when I saw this quote from Steven Schwarzman in a Bloomberg article:

Stephen Schwarzman, chief executive officer of Blackstone Group LP, the world’s biggest buyout firm, said another round of asset purchases by the U.S. Federal Reserve won’t have much of an impact on companies.
“It’s not an enormous incentive to do something different with your businesses because rates are down a few basis points,” 

I would like to see him say that with a lie detector on and I would like to place  a leveraged bet on the outcome.


PJ said...

For a financial firm like Blackstone QE is huge, but for industrial companies it would be true.

Tsachy Mishal said...

And for the owner of a leveraged pile of dog shit it would be even huger.