By Dan Steinhart, Casey Research
US corporations are sitting on more cash than at any point since World War 2.
That’s without 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.
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As investors, we can infer quite a bit from corporations’ inability (or unwillingness) to deploy their cash.