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0.000137656775772282 0.000764759865402264 0.000978892627714876 0.000917711838482577 -0.0004282655246254 0.00290608748852857 0.00313551544814921 0.00162129091465272
Stock impact report

Deficit spending is a boon for holders of government debt [Investment Executive - News]

Eaton Corporation, PLC Ordinary Shares (ETN) 
Last eaton corporation, plc ordinary shares earnings: 4/30 06:30 am Check Earnings Report
(Runtime: 5:00. Read the audio transcript.) ** A flood of capital from government deficit spending effectively inoculated the U.S. against a recession that was once widely expected, says Morten Springborg, global thematic specialist with C WorldWide Asset Management. Springborg said the liquidity backdrop improved dramatically over the past few years, supported by fiscal spending. “Two years ago, the U.S. government was spending $300 billion a year on interest payments. Now it’s about $1 trillion. So that’s $700 billion more of interest payments to holders of U.S. government debt,” he said. “That’s a huge bonanza for holders of debt.” He said liquidity has flowed into private companies and equity markets. The big capital swings in the global economy have been a boon to capital goods companies and conglomerates like Germany-based Siemens AG, France-based Schneider Electric, Japan-based Keyence Corporation, Ireland-based Eaton Corporation and Wisc.-based Rockwell Automation. Sprin Show less Read more
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