The “Trickle Down” Should Be Coming Soon, Right??
The Huffington Post | William Alden First Posted: 10- 4-10 09:07 AM | Updated: 10- 4-10 09:16 AM
…The robust state of corporate profits presents a paradox: companies won’t spend their money until the economy improves, but the economy won’t improve until they spend their money. An increase in hiring, for example, would help drive a recovery. The New York Times reports this “chicken-and-egg” phenomenon, noting that near-zero interest rates have encouraged companies to borrow money and simply hoard it because, as the NYT puts it, “they can.”