One of the major challenges in our economy in a nutshell. Google borrows $10B at 0.45% interest while small businesses cannot borrow money to save their lives, and 60% of Americans work for a small business. https://www.reuters.com/article/us-alphabet-bonds/google-owner-alphabet-issues-record-10-billion-bond-at-lowest-ever-price-idUSKCN24Z2PC">https://www.reuters.com/article/u...
This is not specifically about Google (I am a shareholder). It& #39;s about a system that is broken. Google has over $120 billion in cash on hand, and generated more than $30 billion in net income in 2019. It doesn& #39;t NEED the cash from the bond offering. It raised it because it can.
Meanwhile SMBs who desperately NEED cash cannot get it from banks. See this thread from a few days ago: https://twitter.com/HRGPFOREVER/status/1289554743128358914?s=20">https://twitter.com/HRGPFOREV... We are gutting our economy while large companies can easily borrow cash at historically low rates.
And yes I am a capitalist and 100% believe in free markets. But we have to have a macro view and gameplan. We don& #39;t. The effects on our economy are going to be massive - and sad.
To be clear THIS 100% MAKES SENSE FOR GOOGLE. It just doesn& #39;t make sense for our economy.