Wu-Tang's C.R.E.A.M.'s Ideology True for Corporate America

America’s biggest companies are “hoarding” cash at a record rate - good for them.  Cash is King and Cash Rules Everything Around Me.  U.S. companies are holding more cash -- and a greater percentage of assets in cash -- than at any time in the past 40 years.

(WSJ.com) In the second quarter, the 500 largest nonfinancial U.S. firms, by total assets, held about $994 billion in cash and short-term investments, or 9.8% of their assets, according a Wall Street Journal analysis of corporate filings. That is up from $846 billion, or 7.9% of assets, a year earlier.

The trend appears to have continued in the third quarter, despite an improving economy. Of those 500 companies, 248 have reported third-quarter ...

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