Households, Corporations And Banks Are Hoarding $14 Trillion Cash
- Tuesday, July 16, 2013, 7:45
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The amount of cash in the hands of households, banks and corporations is at an all-time historic high, some $14 trillion in all, as anxious, uncertain citizens, bank execs and corporate treasurers hoard their cash until the future course of Fed policy and the direction of the U.S. economy become clearer. Balance sheets have been repaired and the cash being hoarded just might be the fuel for modest growth accelerating.
http://www.forbes.com/sites/robertlenzner/2013/07/16/householdscorporations-and-banks-are-hoarding-14-trillion-cash/
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