Austerity’s Vicious Cycle Spurs Record Cash Hoarding By U.S. Companies

Austerity’s Vicious Cycle Spurs Record Cash Hoarding By U.S. Companies: Big corporations have been stockpiling cash rather than investing in expansions to their operations for years, but a report Thursday indicates that recovery-bridling behavior is worsening in 2013. Cash hoarding sped up in the first quarter of the year, and American companies are now holding a record $1.73 trillion on the sidelines. According to Bloomberg, [...]/p