Companies weren’t issuing debt to pay for headcount. The reason market interest rates matter is that when interest rates are low, your company stock doesn’t have to have high returns to get investment. When these conditions exist, companies feel safer hiring people to invest in growth instead of saving to provide high shareholder returns.
I highly recommend everyone take a university-level financial instruments course. The math isn’t super hard, and it does a very good job of explaining how rational investors behave.
I highly recommend everyone take a university-level financial instruments course. The math isn’t super hard, and it does a very good job of explaining how rational investors behave.