THIS HAS TAKEN PLACE AS THE GOVERNMENT HAS DECREASED ITS INVOLVEMENT
by Cain Brothers
We are moving into a transitional period in the capital markets – actually to a more “normal” set of market conditions. The problem is that there is no truly “normal” in the capital markets, a complex interface between those supplying capital and those demanding capital.
This interface is impacted by macro forces and micro interpretations of those forces on perceptions of risk, returns and expectations about future policy as it relates to taxes and subsidies. Over the past two years, those expectations and interpretations have swung widely.
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