Remove the $3+ trillion the fed has put into the financial markets and lets see where the DOW sits after that. Fox Biz had a guy on that claimed the DOW would be at 5,000 right now if not for the money laundering going on by the fed.
The one interesting factual number is that companies have about $19 trillion in cash combined; a rise from $12 trillion a few years ago. That’s about $65,000 per person in total or $23,000 with the rise alone. Is that real? Have we all spent that much money per person in the last few years and have companies saved that much back? I believe the value of $19 T is real but where did it come from?
-——where did it come from?——
It is cash rather than other balance sheet asset entries. The cash came from earnings.
When cash is hoarded, there is no growth. Business has plateaued. That is, a comfortable and profitable level of static operations has been achieved. The profits are maintained as cash and not reinvested as growth