Posted on 09/04/2014 7:56:02 AM PDT by Sean_Anthony
Hmm, hardly think of myself as hoarding money. But I have to admit I don’t spend anything like I used to. With so many American companies and corporations embracing the homo agenda, and my ensuing boycotts, I’ve just gotten out of the habit of going to stores and purchasing much of anything beyond vital necessities.
Duhhhh....Americans are hoarding money because savings are paying no interest. If FDIC savings accounts paid just 3% or so, responsible people could both prepare for the future and buy things.
Yeah, guess I’ll have to do something about that eight-foot high stack of fifties sitting around out in the garage. /sarc off
Hoarding? Inflation?
My same-type purchases weekly grocery purchases have risen from $25-30 three years ago to $45-50 two years ago to $60-65 this year.
I could easily list many items that have increased by 50¢ or more, and they are not ‘seasonal’ items. I could list many more items that have ‘shrunk’ in content and had their price either remain the same or rise a few cents.
Inflation is out there. ‘They’ just hide it.
If you were lucky, your parents instilled it in you as a necessary virtue, and in the long run is one of those things that separates life winners from life's losers.
How dare Americans attempt to protect themselves!!
Many just don’t have the money. It’s not that they are hording .
Federal deficit, leading to inflation
Taxes, regulations, minimum wage laws, and pro-union policies causing businesses to lay off workers, go bankrupt or relocate
Extreme environmental policies, causing businesses to close and prices to increase
Extensions on unemployment benefits, paying people to stay unemployed, running up the deficit and putting a greater burden on the working people.
Look in the column on the left under ‘cover stories’.
Right! People who where generally strapped for cash prior to 2009 are now hording it.
In an economy that has fewer jobs, lower pay and significantly higher every day prices like $3.75 gas and $3.25 ground beef, both more than 100% higher than 2009.
In a Job other than the government, this sub-moron would immediately fired for sheer stupidity. In the Obama World, I am sure he is due for a raise and a promotion.
You beat me to it. Mine is, of course, a primitive and unprofessional viewpoint, but if I understand the process correctly, you deposit money in the bank and they lend it and that's good for the economy. Am I missing something?
The Federal Debt is now so out of control their only hope of not being eaten alive with interest payments is to goose inflation data to try and convince the Fed to keep rates low.
How would you know? Are you the only person to have actually read the article? From what I can tell the link goes to a completely unrelated story about a political visit to Whales.
As for the reasonabl status of the study. I call BS. Wages are down, jobs are down and every day expenses are up. I can understand that people are not spending as much as they used to spend on some goods, because every day expenses are eating them alive.
You have to use common sense. When highly touted studies show a large percentage of the population couldn’t come up with $400 without borrowing the money, they are hardly hoarding cash.
http://www.freerepublic.com/focus/f-chat/3197353/posts
Yes if you click on the link, then go to the homepage of the site, (closing multiple spam pop=ups along the way) you can see the article on the main page.
The article is referring to the spending habits of people who have money to spend, and those people are spending less than they were before the crisis. This is called hoarding, and the “journalist” from the Canadian site is presuming that this is a pejorative value-laden term, which it is not.
The St. Louis Fed are good guys, and it is worth going to their site to see the actual study, rather than the mangled screed these Canucks have written about it.
hoarding my eye, not too many folks have money these days except the super wealthy, professional sports figures and the DC politicians.
“Americans are hoarding money”
Yeh what little we have left.
The stock market is providing cover for them. They can point to the share market and say their policies are working, all the while our production capacity is hollowed out.
The MREs
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