$2 Trillion and No Plans to Spend It:
What would you do with $2 trillion? Pay down the national debt, no doubt? Right! The corporate world is currently sitting on that enormous pile of gold, waiting to see how the economy turns out, while the economy is waiting for cash to start flowing again before more people can be employed.
You have read Catch-22, right?
Let's see, who else gathers a massive pile of gold and sits on it?
(See The Washington Post story.)
Labels: The Economy
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