In some ways, debt has never looked so good. This may sound strange given over-indebtedness arguably led to the financial crisis and continues to impede economic growth in the developed world, despite what Keynesian propagandists tell you. But from the viewpoint of investors and businessmen who aren't over-leveraged, debt is dirt cheap now and banks are more than willing to lend. Buying cheap assets with inexpensive debt, possibly unhedged in depreciating currencies such as the yen, makes a lot of sense. But only if it's done right.
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