Well, We Have More Money In Some Cases

December 07, 2020

Even without further fiscal support, consumers collectively are sitting on more than $1 trillion in "excess savings"

over and above pre-Covid levels.

The S&P 500 companies have a record $2 trillion in cash and those with debt have refinanced at rock-bottom rates and extended maturities to record length.

-CNBC December 5, 2020