US Companies Hoarding Overseas 70% of Quantitative Easing

US companies are hording more than $2.5 trillion in cash in overseas accounts. This is about 70% of the quantitative easing between 2008 and 2014.

According to reports last September US companies were hording $2.5 trillion in overseas accounts. Apple just announced that it has $247 billion in cash and about 94% of it is held in overseas accounts. Other cash hoarders include Microsoft, Oracle and Cisco.

Below is a chart of total assets of all Federal Reserve Banks.

Between 2008 and 2014, assets grew by about $3.5 trillion. US companies are hording about 70% of that amount in cash overseas.

Click here to read the rest of the article. Article originally published in Price Action Lab Blog.

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