Those
who argue U.S. corporations are hoarding cash really are not looking
closely at balance sheets.
They
are looking at cash deposits only. In other words, they are not aware
of business operations or principles, or they simply make it a
practice to overlook normal business obligations. The latter may be
direct, pending or contingent, but they represent liabilities that
companies have. (See the Earl J. Weinreb NewsHole® comments.)
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