Cash hoarding nothing new for businesses, scholar says

Wednesday, September 8, 2010 - 13:35 in Mathematics & Economics

The U.S. economy is experiencing anemic growth, yet businesses are sitting on a mountain of cash worth nearly $2 trillion, according to Federal Reserve estimates. But this trend is nothing new for firms, who have been steadily increasing their cash holdings over the past three decades, a University of Illinois business professor says.

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