So they negotiate 300 days of credit and cajoled you into becoming a kind of banker. But hey, why complain? You're being "rewarded" for the waiting while they g

So they negotiate 300 days of credit and cajoled you into becoming a kind of banker. But hey, why complain? You're being "rewarded" for the waiting while they grow even bigger (and more fragile) on the acquisitions you helped to fund. It's win-win! This article is yet another example of how not just the financial economy but also the world of "real stuff" has become calibrated on policies of extremely low interest rates. The financialization of everything is complete. And here's the important bit of the article: "Sharply higher interest rates or a sudden spike in futures prices could leave traders with losses or stretch their financing needs as hedging costs go up." The priests have spent a decade praying and sacrificing central bank balance sheets to the gods of inflation. Some day their prayers will be heard but we may not like it when that happens.