outside of Cooper Industries deal.Businesses are absolutely paralyzed by both the developments in Europe and lack of clarity in the U.S. re:health care legislation, tax regime, fiscal policy (which industries will get hit w/ govt.spending cuts) and yet another debt ceiling debate. Right now everyone is holding on the cash w/a very tight fist--ample cash to be sure---but held w/a death grip. Investors will be happy to track the inflation trend even if they can't quite keep up w/it (watch the 10-year bond), so long as they do not actually lose money. Everyone can adjust their lifestyle a little lower. Recovering lost money is much tougher.
Perhaps you will be wrong? what a laugh, I can already tell from your constant sniveling you are wrong, have been wrong and will contiinue to be wrong. Do you hear the echos in your head?
sorry, I should have distinguished: evaporating in the verb form not the gerund. As in, I think it is currently occurring. Now it could be fast or slow depending on the degree of heat. Yes, i made a bit of an intuitive leap from first quarter 2012 statistics which is all I had to gone on, combined w/depository withdrawals overseas that would seem to indicate the desire to hold cash close to home rather than spend it is increasing. Perhaps that will turn out to be wrong.