A Pound Sterling Trilemma

The video discusses the behavior of sterling in the market, highlighting its fluctuations and the impact on corporate strategies. It explores how corporations have managed cash post-financial crisis, focusing on stock buybacks and dividends. The discussion extends to the challenges of low interest rates and the lack of significant corporate investment, despite increased M&A activity.

What does the term 'animal spirits' refer to in the context of corporate investment?

Discuss the relationship between cash reserves and job creation in corporations.