The economy is stuck in a weird Catch-22 right now. Corporate profits are soaring and businesses are sitting on mountains of cash. Historically, when business profits go up, workers share in the bounty; they get raises and more workers are hired. Not this time. Businesses want to see the economy to turn around before they’re willing to add employees, and consumers are afraid to spend more money until they see businesses putting people to work.
Or maybe they don’t want the economy to improve until after the election? Is it just me, or am I getting paranoid?
UPDATE: I guess I’m not the only person who is becoming paranoid: