Here's A Chart You Won't See On CNBC | Zero Hedge:
""Record corporate cash"..."Record corporate cash"... "Record corporate cash"
That pretty much covers most of the conversation on prime time financial media and TV stations when discussing corporate balance sheets.
There is, however, one big problem with that mantra.
As Zero Hedge first showed in January with "Corporations Have Record Cash:
They Also Have Record-er Debt, As Net Leverage Soars 15% Above Its 2008 Peak" companies indeed have tons of cash.
What isn't discussed is where that cash came from.
The answer: debt.
Because while companies have record cash, they have recorder-er debt."
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