Thursday, Aug. 19, 2010, 7:30 p.m.; Sunday, Aug. 22, 2010, 7:30 a.m.; Monday, Aug. 23, 2010, 4:30 a.m.
A recent Wall Street Journal article reported that U.S. companies have been stockpiling cash and cash equivalents. According to the Federal Reserve, cash balances at nonfinancial companies are at the highest level ($1.84 trillion) since 1952. On a different measure, Cash represents 7% of all assets, the highest level since 1963. What’s causing companies to stockpile and how will this effect the economy?