> $190 billion cash hoard<p>Can someone explain why are they accessing the bond market when they have one of the largest cash reserves in American corporate history?<p>Is it simply because it's so cheap - just 60 points above gov't bonds?
Capitalism has become so distorted by worldwide zero and negative interest rate policies. We have 30 million newly unemployed, predicted to rise to 34% unemployed in Q2, the stock market is about 2% away from its start this year. And here this company that bought back a whopping 1/3rd of its stock over the past 6 years, that still has $190 billion cash on hand is <i>still</i> issuing debt.