By Matt Phillips – It’s getting ridiculous.
In the wake of the financial crisis, US companies have socked away a record $1.93 trillion in cash or liquid securities.
For the economy as a whole, the surfeit of corporate cash tells a very simple story. There’s more money floating around than demand for it. That’s a recipe for ongoing low interest rates—regardless of the fact that the Federal Reserve continues to cut back on its bond-buying programs. And, if regulators aren’t on top of things, the excess supply of cash might tempt some to adopt shakier lending practices. more> http://tinyurl.com/lte5yzk