Statistics: Cash and Liquid assets that corporations are just sitting on
According to the Wall Street Journal, the amount of cash & liquid assets being held onto by corporations increased 26% at the end of this year’s first quarter, when compared to the previous years. The total amount of liquid assets accounts for a total of $1.84 trillion, with actual cash accounting for an average of 7% of companies total assets. This is the largest percent seen since 1963.
Companies have been cutting their investments due to the lingering doubts in the economic recovery, and will likely remain resistant to spending until we start to see some measurable stability and growth in our markets. On the plus side however; once we do finally see significant economic growth, we should then start to see companies starting to dump this excess cash into the markets. Access to this additional cash flow should break the credit freeze and help to start opening up our markets.
Should you have any questions or need further information,
please don’t hesitate to contact me, (775) 220-1630
Or visit my website: www.SellingHomesinReno.com
Joshua Talayka
NAR designated: Short Sale & Foreclosure Resource
Chase International
jtalayka@chaseinternational.com
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521
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