Not to mention the mountains of leveraged buybacks and leveraged buyouts. In my industry all the big players are bidding prices that can't possibly turn a prof

Not to mention the mountains of leveraged buybacks and leveraged buyouts. In my industry all the big players are bidding prices that can't possibly turn a profit for assets which they evidently hope to flip later. I think that kind of behavior is endemic at this point. So I think it's going to wind up being a corporate debt bubble.