http://www.cnbc.com/2016/09/20/us-companies-are-hoarding-2-and-a-half-trillion-dollars-in-cash-overseas.html
This is where all the money has gone. No accountability or social responsibility.
3 replies (most recent on top)
Oversea cash does not matter, at all. They are held in US Bank like BoFA in places like Ireland or Brussells. The company basicly gets the abality to borrow in USA at 25bps against those deposit. So if Corp has a billon dollar in say Ireland Citi, Citi has has no risk lending 100% aginst that and pocketing some fees for risk free services. Pols are making a big deal out of nothont
Or, maybe it all just gets zeroed out? 💨
What's a few bits among friends anyway?
From article
"Even if the cash was brought home, it would be unlikely to lead to the surge in investment that many hope for. After all, most firms already have large reserves of domestic cash and face record-low borrowing costs," Hunter said.