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.
Hoard rare stamps, rare books, rare documents, rare BB cards and similar items. Make copies of authenticity documents and store them somewhere else. At least at this time, if you want to retain physical possession of a store of value, and you want to get through a checkpoint, survive a vehicle search or SWAT raid, or get out of the country inconspicuously this could be the best option. Moreover, the fact that value is concealed and easily portable makes these items more valuable. How many TSA agents know the difference in price between a Scott # 75 and #76 Jefferson 5 cent 1861?
PMs, jewels, cash, big works of art are too obvious.
FED funny money devalues faster than it can be spent...
It’s a great article!
“Hoarding”: not investing.
Blames low velocity on Fed low-interest policy.
It’s not worth investing. And people get the higest returns by paying off debt.
Also mentions the “what happens when the low interest policy ends?” question. Boy will that government debt sit on the ‘real’ recovery when growth starts!
idiots
Are these people morons? Lacked inflation? Yes, they must be cognitively impaired.
well I do remember people saying when that administration got elected that the best way to deal with it was reduce incomes, buy at garage sales to reduce taxes of all kinds and refuse to buy anything until the administration was GONE
All the Fed’s have to do is declare said money has no value and issue new currency.
“Hoarding” money? NO...
Saving money? YES...
The wife is retirement eligible in two years, I already have one and can start taking from my 401K in two years.
We can both be “out” at 55 if we want to, and have seriously been considering leaving the country, to make it stretch farther, as several other that we know already have.
All while the price of everything ya need has gone through the roof.
Saving is now hoarding in Obamaworld.
And where the hell is all this money coming from to actually hoard?
Oh wait, it must be my Individual Hoarding Retirement Account
"One of the great mysteries of the post-financial crisis world is why the U.S. has lacked inflation
Anyone that thinks (real) inflation is not raging in the USA is not worth reading.
I think they used to call it “saving”, and it was encouraged.
“Hoarding money” ?
Isn’t that just saving money?
And who says there is no inflation? I just spent $2.00 on a 1.5 oz. Hershey bar.
Well it is one thing to say it, another on the facts. What is the average amount money hoarded by people over the last 15 years?
Being future oriented is racist according to the left, so savings had to be labeled negatively. Voila, it’s hoarding money.
If it wasn’t for those damned consumers Obamanomics would be a roaring success. Bunch of racists!