Why Are Corporations Hoarding Trillions?
Looks like the TL;DR of this article is: &quot;Corporate leadership, being so much smarter than the rest of us dummies, sees something big on the horizon coming. They&#x27;re saving all their cash so they can later invest because &quot;the next transformative innovation could be just around the corner&quot;. Apparently they&#x27;re smart enough to hoard all this cash, but not smart enough to know exactly what that transformative innovation is so they can get started on it right now.<p>Let me propose an alternate theory: They&#x27;re no smarter than the rest of us, and NOBODY knows what to invest in anymore. Corporate leadership is uncreative and can&#x27;t think of anything else to do with that money that will produce returns in excess of what they&#x27;re already doing. Shareholders don&#x27;t want the money back (they&#x27;ll just turn around and invest it into another company that already has a pile of cash). And they sure as shit won&#x27;t throw a bone to employees (whose wages have been stagnant for a decade). So, what are they going to do with it all? Who knows? Let it sit in a bank account!