In a multinational economy where banking systems are global in nature, the consequences for businesses in the United States needing ready access to revolving credit cannot be understated. A return to the days in late 2008 when we were -- by some accounts -- within days of a total freeze-up of the financial system and by extension most of the commerce in the nation is not out of the question.
Such concerns would validate corporations' concerns about raising -- or hoarding -- cash. Similar concerns would explain why intelligent people have been raising cash stores personally for months or, in some cases, years.
Eric Dixon is a New York investigative attorney, management consultant, strategic analyst and political consultant. Mr. Dixon follows economic and real estate matters in addition to certain legal and political trends.