US BUSINESSES CONCERNED OVER RISING INTEREST RATES
Bloomberg has drawn attention to concerns raised by US businesses that rising interest rates are becoming increasingly problematic. Businesses, especially corporations, ought to be concerned as in many instances corporate debt has doubled from 2008 without a whole lot to show for them outside of rising equity prices, triggered in large part by applying 70% of that debt to stock buybacks and dividends. This Federal survey of businesses found interest rates of the most concern, followed by increased volatility, falling energy prices, trade and political uncertainty.