In a front-page article published on February 24, 2010, under the byline of Michael Crittenden and Marshall Eckblad, the Wall Street Journal reports that bank lending, down 7.4 percent since last year, has fallen to its lowest level since 1942. As I noted in my most recent post, the reluctance of banks to lend…
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In a November 3 article, the Wall Street Journal reports that corporate cash holdings have reached extraordinary levels: Stung by the financial crisis, companies are holding more cash — and a greater percentage of assets in cash — than at any time in the past 40 years. In the second quarter, the 500 largest…
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