Glimmers of light are breaking through on the dark and cloudy financial horizon, and investors across the country – and around the world – are starting to hope that an economic dawn has finally arrived.
But despite the bright patches, it’s unclear whether the global markets will loosen and open enough to start generating meaningful growth that energizes companies, funds innovation and puts legions of people to work.
The most important reality here is the fact that we are beginning to see signs that there is some more debt financing available today than there was a year ago. However, most of the deals that are getting done right now are largely equity financed.
We continue to see a steady stream of distressed deals, a full year after the financial meltdown. Dis...
