John Rubino--Are Corporate Takeovers Coming Back? #3301

Over the weekend it was announced that AT&T plans to take over Time Warner. Are happy days here again or is this the sign of another market peak? These gigantic mergers usually happen right at the peak, as history has shown time and again. Now the media is singing a happy tune for the EU. Things are supposedly looking up across the pond. Is it really real or is it a meme?