Bloomberg
A $1 Trillion Liquidity Surge Is Morphing Into a Leverage Boom
(Bloomberg) — It was supposed to be a temporary buffer — more than $1 trillion of debt taken on by U.S. companies last year to ride out the economic devastation caused by Covid-19.But with the economy rebounding and interest rates still near all-time lows, it’s becoming increasingly tempting for corporations including Home Depot Inc. and Verizon Communications Inc. to spend those cash cushions on acquisitions and…
Source link
