US corporations are sitting
on more cash than at any point since World War 2.
including banks. I'm only talking about nonfinancial corporations – the
ones that sell goods and services and make the economy go.
Those businesses hold $1.4
trillion. In absolute terms, that's the most ever. In relative
terms, it's the most since World War II...
If these businesses could
conjure up even the most marginal of projects to earn a meager 1% return,
they would generate $14 billion profit. Instead, they're
sitting on the cash and earning near zero for a guaranteed after-inflation
See also Excess reserves of the banking system: