[zyang]

Both. Racking up domestic debt using offshore cash as collateral. It's like getting a low interest loan using your 401k.

[skoczko]

Ok, thanks. Then the premise of this article is even weaker. Companies do generate huge profits albeit most of the hidden through accounting engineering. It's more likely that the inflated stock prices represent the actual "value".

[lotsofpulp]

And a lack of better places to put the money.