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Debt offers the illusion of choice, while actually removing it.
Floating interest rate debt offers investors worried about inflation a place to comfortably brace themselves.
As for taxes, private equity clearly benefits from the tax deduction that debt offers.
People over-estimate the safety of the fixed payments that debt offers: like a corset, it masks nature's wobbles.
An alternative interpretation of convertible debt offers is that investors ration the participation of some issuers in the seasoned equity market.
The results are consistent with an interpretation that idiosyncratic risk affects investment decisions following convertible debt offers, which in turn adversely impacts future operating performance.
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Our finding that the cost of capital decreases following a convertible debt offer (CDO) is inconsistent with this interpretation.
Analysts at Moody's, which also recently downgraded Argentina's debt, offered similar comments.
On the other hand, at least US and UK government debt offer a rate of interest.
Cheap gas, job growth, worker confidence, home prices and household debt offer positive signs for the future.
Last week, Scott, addressing the possibility that the United States might default on its debt, offered this blithe assessment: "I certainly think you will see some short-term volatility.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com