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[–] derram 0 points 0 points (+0|-0) ago 

https://archive.fo/0Rkrh :

The $6.3 trillion debt binge: American companies have never owed this much

'US companies, encouraged by a decade of unbelievably low borrowing costs, are sitting on $6.3 trillion of debt, according to S&P Global Ratings. '

'In fact, the richest 1% of US companies control more than half of the cash, S&P said. '

'In previous downturns, companies with too much debt have found it difficult to repay their loans, forcing some into bankruptcy. '

'Companies have used that debt to invest in the future, make splashy acquisitions and reward shareholders with a bonanza of stock buybacks. '

'That makes it more expensive for companies to refinance their debt when it comes due. '


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