"They can't be both swimming in cash and drowning in debt. Given that much of the cash is being spent on buybacks, etc, the latter must be the true (net) position. But corporates are just following the lead of governments and central banks - borrowing to consume now at the expense of future investment . . . [it] will lead to lower growth and a more protracted recession."
By
Nihil1st
on
Alarm over corporate debt and stalled earnings