St. Louis Post-Dispatch columnist Dave Nicklaus asks Prof. Nick Argyres about the surge in mergers and acquisitions over the past 18 months.

Argyres thinks there’s finally been an uptick in confidence in the market thanks to the Fed’s decision to keep short-term rates at zero since 2008. “We’ve had cheap capital for a while but we haven’t had the optimism,” he said. “The news on the macroeconomy for the U.S. has been better and better in 2015.”
Link to article:  “Merger boom is a sign of confidence, or maybe overconfidence”
9/22/15