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Tag Archives: US cash accumulation

Corporate America is cash rich, helped by declining competition

US corporations’ cash accumulation continues unabated, leading to the rise of ‘superstar’ firms that are crushing market competition.We think many keys for understanding the US economy right now – and why it may not be behaving the way textbook economics say it should – are to be found at the microeconomic rather than macroeconomic level. What the microeconomic picture shows is a sharp reduction in the level of market competition due to the rise of a small number of ‘superstar’ firms with...

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