Mary Powers 970219
I have just found an interesting statistic in a column by Ralph
Nader citing a figure in Business Week: "all told, liquid assets
held by U.S. nonfinancial companies hit a staggering $679 billion
at the end of the third quarter, up 21.5% in a year." This is
leakage, big time - money not being spent on wages, dividends, or
investment/
Do we know that this money is not in the form of short-term
notes financing government and private activities? That seems
the most logical place for it to be. I can't believe it is not
earning interest.
Bruce Gregory