August 10th, 2012 9:43 PM by Eric Fang
I was trying to write a blog about it. Then I found a similar article in Chinese. And here is the similar article from CNBC
It is verty interesting now that no only the richesare hoarding cash, the big companies are doing the samething.
When the riches are hoarding cash, they might thinkthere are not much good opportinties for the investment,they don't want to take risks before the electionand they don't want to invest and hire more peopleto expand the business either(same for those big companies).
So the recovery will be very stagant and slow. And Wedo not see much confidence from the riches at this moment.