Mike Shedlock is devoted to debunking economic myths and exposing the type of irresponsibility that led to the economic crises of 2008. His latest data? Cash amongst America's 50 largest corporations, and his readers agreed with him in their 56 comments- the view is not as pretty as it would seem.
About this Viz
Although Americas 50 largest corporations by market cap have over $3.7 trillion in cash, it is easily offset by the massive debt surplus they carry, to the tune of $4.5 trillion. Of course, there are outliers in both directions. Goldman Sachs has built up an enormous cash reserve of greater than $400 billion, while GE has net debt of almost $500 billion.
