Expenditures and investments by these companies have to be justified on the basis of expected returns. The constraints sequestering the money: - Valuations for

Expenditures and investments by these companies have to be justified on the basis of expected returns. The constraints sequestering the money: - Valuations for acquisitions that exceed expected ROI. - Taxes on repatriated funds. - Dearth of top-end human talent to manage the acquisitions and investments. - Pervasive fear in corporate board rooms that the day of reckoning for quantitative easing and US debt is still ahead. - Changing demographics whereby consumers wealth is held by low spenders (older folks), rather than high spenders (younger folks). Its a combination of factors.