My favorite comment on the article is “The problem with capitalism is that you eventually run out of other people’s money."
A company with $130 billion in cash reserves is floating 100 year bonds.
So much for billionaires reinvesting profits to trickle down in the economy. Now they hold onto profits, calling in suckers to bet for them and not promising results until all of them are dead.
…you know that was always how trickle down eonomics was going to be, right? Ift has never ad will never work
I’m not arguing for trickle down. I’m using their own arguments against them.
Perhaps
Selling hot air heated by wasting electricity in a data center.
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Fr, Resist and Unsubscribe.
start a large company, force all the employees to use the cheap venture driven tokens now to get more done with less talent then fire everywhere when the bubble pops.
Traditionally, you need to find someone to loan you money with the bond as collateral. Then you promise that person the bond as repayment of the debt + interest, with the expectation that you can re-buy the bond at a future date for much less than you could today.
The longest portion of the offering, a 40-year bond, is expected to yield 0.95 percentage points over US Treasuries, down from 1.2 percentage points during initial talks, the people said.
Gotta be really bearish on treasuries to consider this a good idea.
Certainly the rate cut from 1.2 to 0.95 implies Google is becoming more bearish on treasuries over time.
So they know that AI is going to be unprofitable for near to medium term?
I think the only thing we can say they believe for sure is that a fool and his money are soon parted.
Yes, please go all in there, Google.
Inverted yield curve in physical form?
Cool.
