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The Great Reset: Families Hoard Cash 5 Yrs After Crisis

Sunday, October 6, 2013 - 5:51 PM
Five years after U.S. investment bank Lehman Brothers collapsed, triggering a global financial crisis and shattering confidence worldwide, families in major countries around the world are still hunkered down, too spooked and distrustful to take chances with their money.

http://www.gosanangelo.com/news/2013/oct/06/ap-impact-families-hoard-cash-5-yrs-after-crisis/
7
ShorebreakShorebreak2,371 posts since
Apr 6, 2010
Rep Points: 12,648
1. Sunday, October 6, 2013 - 7:38 PM
Considering the dismal interest rates and what is going on in our own country in Washington, who could blame concerned citizens for holding on to as much cash as possible.  They are certainly not being tempted by decent interest rates on keeping it in the banks.  I think this "hoarding" shows a deep distrust of their own government and the people who are "supposed" to be running it.  This "Shutdown" game they are playing is only going to make people have more distrust and concern for the future of our country. 
8
paoli2paoli21,142 posts since
Aug 10, 2011
Rep Points: 5,093
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