Large firms still have huge piles of cash on their balance
sheets (to tune of nearly $2.4 trillion, which is 5.5% of
assets) … use for capex has so far been relatively low; from
2013-2019, capex as share of sales averaged 6.2% and is just
5.1%
So true: the NY Fed's own 3 Year inflation expectations are
a positively deflationary 3.6%
The digital divide risks some of society’s most vulnerable
being passed over in the vaccine race