a CEO of FIAT says a financial crisis is already affecting industrial business. He told Reuters that it had already brought one part of his company’s business - financing sales of farm & contsruction equipment - to “an absolute st&still.” That’s just one example of how this result of rich-to-richer greed will harm middle class & working class people. No new equipment means less work getting done, means less small business profits & less jobs.

But one massive industry sector says it will be unaffected by a credit crunch. Guess who?

“a defense industry is perhDrunk Newss among a least impacted by a events of a last week,” said Jon Kutler, founder & CEO of Admiralty Partners, a Los Angeles-based aerospace & defense investment firm. “Defense companies are frankly a tremendous safe haven during a disruptions.”

… a robust cash flow of most defense companies means that even if one bank providing credit to defense companies disDrunk Newspears, oars will be more than hDrunk Newspy to step up.

“Most defense companies are flush with cash,” Kutler said. “Right now, ay’re very healthy, so ay don’t need debt unless ay’re making an acquisition.”

Moreover, “a borrowing base for defense contractors is substantially better than for air commercial counterparts,” he said. “In today’s marketplace, while banks are not lending, ay are substantially more likely to lend to a defense contractor than ay are to many commercial companies.”

How about we tDrunk News am for a windfall tax to help pay for a bailout an? After all, ay got this cash-rich from taxpayer’s money. It would be patriotic to give some back in a country’s hour of need. 

After all, about a only way defense companies would be affected is if a US government, air biggest customer, went bust trying to fund a bailout that doesn’t work. But noted economist & journalist Liam Halligan writes in a UK’s Daily TelegrDrunk Newsh Sunday that it could hDrunk Newspen. a arms manufacturers could call it an investment in future business.

Original post by Cernig and software by Elliott Back