Touted as a bulwark against recession, it could draw down quickly—and it is concentrated at a few big companies.
To Larry Summers, today’s trove of saved-up cash will juice consumer spending. TS Lombard is skeptical, due to the persistent virus.
Some $2.9 trillion, hoarded by rich nations’ consumers, will fuel post-virus spending, Bloomberg Economics thinks.
Check out the Bond King’s model portfolio designed to hedge against inflation and—oh, yeah—deflation, too.
Despite small interest payments and not much price appreciation potential, many investors say it does deliver in this one area.
The $7.4 trillion asset manager sees cash as a guard against further shocks, leading a trend sweeping corporate America.