The three Scrooges
Companies will one day rue today's miserly approach to investment
FOR a businessman, if there is anything better than making money, it must be making more money. Profits are accounting for their biggest share of the American economy since 1950. Interest rates and bond yields are low by historical standards. It ought to be a great chance for companies to expand.
This article appeared in the Finance & economics section of the print edition under the headline “The three Scrooges”
From the January 6th 2007 edition
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