. . . for businesses that have any sort of leverage. Based on the ticker, it's starting to sink in. : )
There will come a time that all of the world economies combined will not be able to continue to lend us enough to cover debt service. Our total debt is projected to be $20T in five years. Will all of this "cheap money" seem like a good idea then?
Short covering shennanigans, I do believe, abound this afternoon! : )
That -- and I've got to believe -- that $500 million buyback is also in motion . . . Awesome timing!