> > 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.
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