More evidence that we have a 'confidence' recession

Corporate profits are streaking towards a new high.   And they are doing it in an evironment of slow/no growth with near zero interest rates.  Typically this would lead to an explosion in investment as companies rush to position new capacity and products to take advantage of the coming boom.  But today they don't expect a boom, they expect a continuing slump.  So they sit on their swelling cash hoard waiting to find out about how much the cost of labor, energy, capital and other key factors of production (come to think of it, those are the three key factors) are going to rise under the current regime (or whether the economy destroying measures can be repealed).

Until they get some answers we will get no meaningful growth.  H/T Carpe Deim.