Corporate Balance Sheets Much Weaker Than You Think: GoldmanRupert Hargreaves
SocGen's Andrew Lapthorne believes that weak corporate balance sheets are the fact and the cash on the sidelines is the myth.
In a report published today, Lapthorne highlighted the high level of inequality that's affecting balance sheets within the US. Specifically, the SocGen analyst notes "US corporate leverage is abnormally high for this stage in the cycle, and a handful of cash-rich mega caps are masking significant problems elsewhere."
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While the headlines are dominated by Apple's record cash balance, at . . .
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