Cooking the Books: Cash Mountains – Why?
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Following is a discussion on the page titled: Cooking the Books: Cash Mountains – Why?.
Below is the discussion so far. Feel free to add your own comments!Email reply received from Anthony Hilton:
Quote:Your comments on my cash mountains article have been forwarded to me. I don’t think your conclusion is right. Certainly it is what conventional economic wisdom dictates viz companies will not invest when they cannot see a profit. However company profits are the highest they have been for 50 years as a percentage of GDP, and interest rates and hurdle rates are the lowest for 200 years, so in spite of the bad news out there it beggars belief that companies can’t see a profit opportunity. My piece was looking for an additional explanation as the conventional wisdom of your conclusion does not provide it. Thanks for your interest and thought provoking letter. Regards Anthony HiltonBy coincidence SOYMB had a post on the cash mountain being hoarded by companies. http://socialismoryourmoneyback.blogspot.com/2012/03/telegraph-and-socialist-standard.html
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