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Rising equity markets blinded customers to their role as patsy.
Attractive prices on new issues and rising equity markets have also greased demand.
Years of falling interest rates and rising equity valuations have shrunk the cost of capital for firms such as Aegon.
Rising equity and house prices drove up the net-worth-to-income ratio of the wealthiest tenth of Americans from 5.8 in 1989 to 8.4 in 2004.
After all, the total pension-fund deficit of the FTSE100 companies has not come down that much despite rising equity markets.
Virtually all the rise in non-financial debt since 2000 was among households, as Americans tapped into the rising equity in their homes.
Similar(38)
Even if rising equities don't portend a U.S. recovery, they offer some hedge against a declining dollar.
In fact, it turns out that the last eight months of a rising equities market has been largely the direct result of a shrinking dollar.
As bond yields have risen, equity markets have fallen.
And then, when rates will rise," equity strategists at HSBC wrote in a research note.
Rising property equity giving the illusion of growth.
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