American Corporations Continue To Sock Away Cash At Highest Levels in Last 50 Years Hot

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Nonfinancial companies are holding $1.9 trillion in cash, or 7% of all their assets, which is the highest level since 1963, according to the Wall Street Journal.

On the one hand, that’s a very healthy development as it reflects a successful round of cost-cutting and higher profits in reaction to the economic crisis.

On the other hand, it implies a troubling lack of confidence in the recovery, since these assets are not being deployed for hiring and expansion purposes.

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