I am reading in the paper that U.S companies are holding $1.84 trillion in cash and liquid assets. They are hesitant to hire new workers or expand. They are concerned about the economy, government actions, Europe and who knows what else. Come to think of it companies are not unlike the rest of us. We have curtailed (for now) our free spending ways and increased our savings. The irony may be that both the actions of individuals and companies are hampering the recovery that we seek.Uncertainty is the name of the game. Sadly, the folks in Washington are not helping to ease concerns, but instead heighten the possibility of more poorly conceived laws and regulation, higher deficits and higher taxes.
We don’t spend because we are worried about the future and we have more to worry about because we don’t spend. Too bad we can’t all get on the same page.
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