[lbo-talk] A trader's view of the coming depression

Dennis Claxton ddclaxton at earthlink.net
Tue Sep 27 12:39:05 PDT 2011

> > Yes, but I believe that Dennis' point was about savings rather than
> > assets.

I'm talking about stories like this:


Companies pile up cash but remain hesitant to add jobs

By Jia Lynn Yang Washington Post Staff Writer Thursday, July 15, 2010; A01

Corporate America is hoarding a massive pile of cash. It just doesn't want to spend it hiring anyone.

Nonfinancial companies are sitting on $1.8 trillion in cash, roughly one-quarter more than at the beginning of the recession. And as several major firms report impressive earnings this week, the money continues to flow into firms' coffers.


and this:


Why 'Occupy Wall Street' makes sense

Banks are sitting on cash hoards and corporate profits are riding high – yet ordinary US taxpayers face joblessness and cuts


© 2011 Amy Goodman; distributed by King Features Syndicate

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