The largest quarterly profit ever recorded by any company wasn't enough of a big win? I don't want to soapbox too much, but there is something deeply wrong with capitalism when you can be more profitable than any corporation that has ever existed and it seems like a letdown.
> Especially with so much foreign debt in USD, a lot of companies are going to have a hard time paying off bonds and loans, hurting their ability to grow.
All the tech companies that have had big bond issues recently (Apple, Microsoft, etc.) are doing it because it's literally cheaper than repatriating their actual foreign earnings to the United States. As long as those foreign earnings continue to exist, borrowing money is arguably a better way to finance their day-to-day operations, especially when interest rates don't seem likely to climb much in the intermediate future.
The largest quarterly profit ever recorded by any company wasn't enough of a big win? I don't want to soapbox too much, but there is something deeply wrong with capitalism when you can be more profitable than any corporation that has ever existed and it seems like a letdown.
> Especially with so much foreign debt in USD, a lot of companies are going to have a hard time paying off bonds and loans, hurting their ability to grow.
All the tech companies that have had big bond issues recently (Apple, Microsoft, etc.) are doing it because it's literally cheaper than repatriating their actual foreign earnings to the United States. As long as those foreign earnings continue to exist, borrowing money is arguably a better way to finance their day-to-day operations, especially when interest rates don't seem likely to climb much in the intermediate future.