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First, corporations are hoarding trillions collectively, not individually...Google, the example cited is banking 80 billion...others I'm guessing, much less...
by Outdoorsman 11y ago
First, corporations are hoarding trillions collectively, not individually...Google, the example cited is banking 80 billion...others I'm guessing, much less...
Maybe "caution" has risen a notch in the CEO/Board investment repertoire...there aren't nearly as many sure things as there used to be...why is that? The chances of making a mistake have never been greater...
A large part of the uncertainty is likely dictated by the plain and simple fact that we Earthlings have now constructed a "global economy"...countries now share many of the same opportunities and risks, even when they're on opposing sides of the planet from one another...good times and hard times can now seep across borders and continents in ways they never could before...
In any economy wages, production, living standards, etc., eventually even out across the spectrum (global), and arrive at a stasis...
When that stasis is fully realized across the globe what will daily life be like for the average American, the Chinese, those in India, etc...?