If they could earn 5% risk free rate on these balances that would give them about another $60B to spend or distribute annual.
Preliminary Q1,'16 shows a new cash & equivalent record for the S&P 500 Industrial (old) at $1.34 trillion, up fr record Q4,’14, at $1.33T
— Howard Silverblatt (@hsilverb) May 31, 2016
Wait...I thought the deficit was too small?
ReplyDeleteMosler on his website saying the same thing for three years straight now...the data was strong, but don't worry, it will be revised down. #zerocred