[Red in Blue PA]

Hoarding money?

Income is DOWN over the past 5 years with prices of most things way up yet people are hoarding money?????

Perhaps in the Bizarro World.

[E. Pluribus Unum]

A "money hoard" is any lump sum of money not in the hands of the big-government/big-corporate crony-fascist complex where all money rightfully belongs.

[Dogbert41]

Another little “factoid” came out recently: Most Americans would have to sell something or get a loan if they had to come up with $400.

http://washingtonexaminer.com/youre-better-off-than-the-average-american-if-you-can-come-up-with-this-much-cash/article/2551800

[varyouga]

Probably cash leaving the country or people buying cash equivalents (gold, jewelry, stones, ammo, supplies, etc).

Nobody in their right mind should “hoard” more than a few months worth of Obamabucks.

[upchuck]

From the article:

Though American consumers might dispute the notion that inflation has been low, the indicators the Fed follows show it to be running well below the target rate of 2 percent that would have to come before interest rates would get pushed higher.

The "indicators" the Fed follows... Must not be grocery prices. Must not be gasoline. Must not be automobiles. Must not be the cost of veterinary care.

For me, all of these, with the possible exception of gasoline, have exploded for me the last few years.

And, no, I don't "hoard" money. It has practically no value anymore.

I fear this country is headed for the Mother of all collapses. It ain't gonna be pretty and it ain't gonna be nice. As a result, I spend a considerable amount of money stocking up on things that will become valuable during a severe downturn. Like food and toilet paper for example. Best get yours while you can.

And remember, you can never have enough guns and ammo.

[seowulf]

When they start talking about hoarding, you should be thinking about confiscation; especially when they start saying how unpatriotic it is.

[arthurus]

The banks and financial institutions are “hoarding money” because it is safer for them to lend all the new Fed created dollars to the Fed at interest that the Fed lends to the banks at no interest.

[Irenic]

Well huh...
Even the Upper Middle Class Struggles to Save Money
By Allison Schrager August 12, 2014
http://www.businessweek.com/articles/2014-08-12/only-45-percent-of-upper-middle-class-households-are-saving-money

[atomic_dog]

I don’t have any money. I spent it all on the ammo I am hoarding.

[MediaMole]

Very Keynesian view of the economy. Saving is “hoarding.”

Back to the old “paradox of thrift.”

[MNDude]

Damn evil consumers, always doing their best to hurt Obama’s economy.

[madison10]

Wonder what amount is considered “hoarding?” $10, $100, $5000? People cannot “hoard” much. Maybe enough to miss one paycheck, if that.

Idiots.

[Secret Agent Man]

when people save but the fed doesn’t like it they call it hoarding.

people are saving because of the disastrous economy obamacommie has brought us.

[Lorianne]

Saving or conserving is now ‘hoarding’?

We peons are being very bad, not consuming as much as the economists would like. Naughty, naughty, naughty.

[stevem]

If they are hoarding money, it will be worth zip by the time the Fed is done.

[John Robinson]

Wow... Just wow. Even with extra money after bills to save hoard[bizarro-obama-land-edit] whose to guarantee I'll have enough for next month's rent let alone a job? My only guarantee for what I'll have for myself and my family is in my hands, bank and matress. Sorry, Jack, don't want your welfare nor food stamps, go shop for votes elsewhere.

[Recompennation]

Never fear the first of the month consumer spending corrective action wealth redistribution social justice program is fuxing the pwoblem don’t cha no. Mother’s day money spends easy.

[Rodamala]

anyone holding cash... with an savings account paying interest of 0.5% at best... is an idiot. Inflation exists... and you arehaving your savings stolen by the Fed as they devalue the currency.

[Raycpa]

Baby boomers are retiring.

[WildWeasel]

The Fed is paying banks to hoard money in order to offset massive QE programs.

[freedomfiter2]

In the universe that the Fed exists in, giving money to the rich to invest in stocks boosts consumer spending by the poor and the middle class.