[sowbug]

It's not about need. It's just a rational financial decision. They believe they can make more profit with the cash than the price they're paying in interest.

It also means they don't think interest rates are dropping anytime soon.

[hn_throwaway_99]

> They believe they can make more profit with the cash than the price they're paying in interest.

But they already have a giant cash hoard. They are going to be making less in interest on that cash hoard than they will be paying in interest on their bonds. This is what is frustrating about a lot of these "hand wavy" responses. Nobody misunderstands how borrowing works if you think you can invest it into something more profitable than you pay in interest. What is confusing to a lot of folks is borrowing with this money while at the same time having stacks of Treasuries earning a lower rate.

[roribolden]

“…they don’t think interest rates are dropping anymore soon.”

At one time they did not think they were going down soon and they did suddenly.

They also thought over hiring was a good idea.

It’s almost as if these people are not good predictors of the future, and are just socially networked such they never lose and it appears to morons as if divine mandate empowers them.

This species is such a joke. Lemmings enabling a minority of abusers. Since humanity is meaningless why not bioengineer a kaiju and have front row seats to the apocalypse. Slowly roasting to death in deference to Zuckerbergs of the world is super boring