Posted on 09/02/2014 6:02:44 PM PDT by Red in Blue PA
One of the great mysteries of the post-financial crisis world is why the U.S. has lacked inflation despite all the money being pumped into the economy.
The St. Louis Federal Reserve thinks it has the answer: A paper the central bank branch published this week blames the low level of money movement on consumers and their "willingness to hoard money," as well as the Fed's own policies.
(Excerpt) Read more at finance.yahoo.com ...
Very Keynesian view of the economy. Saving is “hoarding.”
Back to the old “paradox of thrift.”
Damn evil consumers, always doing their best to hurt Obama’s economy.
Wonder what amount is considered “hoarding?” $10, $100, $5000? People cannot “hoard” much. Maybe enough to miss one paycheck, if that.
Idiots.
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.
Saving or conserving is now ‘hoarding’?
We peons are being very bad, not consuming as much as the economists would like. Naughty, naughty, naughty.
If they are hoarding money, it will be worth zip by the time the Fed is done.
if we get some gop-e chamber of commerce rino in you’ll have to keep hoarding. no effing difference. neither give a sh1t about us.
I was just thinking this. ‘Hoarding’ meaning ‘saving’ is that their idea of what is going on. Sounds rather hostile, meanwhile didn’t they say people are not saving for their future, should be saving.
What a crock these guys are.
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.
If you have more than a five day supply of *anything*, including savings (money), you are not only a hoarder, you are a probable enemy of the state.
The truth as sarcasm.
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.
I said it years ago. Buying precious metals (PM) is the peons way of saying no confidence in gummint. It pisses them off. No one saves Fed Res Notes.
Baby boomers are retiring.
The regs are forcing them to sit on piles of cash.
FEAR the day when those regs are relaxed-- I'm putting my money on late November, 2016.
The Fed is paying banks to hoard money in order to offset massive QE programs.
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.
I hear you, “hoarding” indeed.
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.
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