VodkaPundit

Not Even Under the Mattress is Safe Anymore

Zero Hedge has “3 Charts On The ‘Real’ Deteriorating State Of Corporate Balance Sheets,” but it was the third one that really caught my eye.

The caption reads:

Margin Improvement is no longer broad-based (as we noted recently, costs are increasing faster than revenues which compresses margins rapidly and in the worst case chews through [sic] that stickpile of cash – hence the other two charts).

As previously noted, throwing money around won’t help at all in a poisonous business climate.