(no subject)

Remarkably, corporations are not in a hurry to repatriate profits. They are also not in a hurry to invest. For example, a big deal is being made out of Apple's decision to invest $1B in a new Austin campus. One billion dollars sounds like a lot, but on a closer look the investment represents less than %.5 of Apple's ~$270B cash reserves.

https://www.bloomberg.com/news/articles/2018-12-13/trump-s-tax-cuts-had-an-impact-but-not-the-one-backers-hoped-for

Question of the Day

https://twitter.com/PreetBharara/status/1073360636392943617