Mark Spitznagel

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Mark Spitznagel
About the author:

Founder and chief investment officer of Universa Investments, a California-based hedge fund.

Capitalism On Strike – Why Corporations Are Hoarding Cash: Mark Spitznagel

Date: 28 February 2012

Corporations, today, are holding the largest amounts of cash, relative to assets and net worth, ever recorded. The velocity of money (the frequency at which money is spent, or GDP relative to base money) also continues to plunge to historic lows. But why are companies deciding to hoard cash, when more capital investment is needed to stir economic growth?

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