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The Fed: Economy is Gloomy because Americans are “Hoarding Money”
Canada Free Press ^ | 09/04/14 | Alan Joel

Posted on 09/04/2014 7:56:02 AM PDT by Sean_Anthony

Investing money in or starting small businesses-- Backbone of America

In a moment of recent hand-wringing, the Fed examined the question of why inflation has stayed extremely low in the United States despite all the efforts of quantitative easing money pumping. Their answer: American consumers are mainly to blame.

Yes indeed. In a paper released this week by the St. Louis Federal Reserve, the Fed cites “low level of money movement in large part on consumers and their “willingness to hoard money.”. To be fair, the paper also criticized its own policies as well, suggesting that the has they have “reinforced the recession” with their “excessively low interest rate policy”.

However, “hoarding money” is seen as the main culprit and attributable to two factors:

A (gloomy) economy after the financial crisis.

(Excerpt) Read more at canadafreepress.com ...


TOPICS: Business/Economy; Government; Politics; Society
KEYWORDS: economy; investing; money; obama
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To: Sean_Anthony
And of course by Americans, they are referring to the banks right? That is where all the Trillion$ we poor slobs we paid in taxes and inflation wound up. Only the .1% and .01% made significant wealth increases and they are all friends with the bankers ESPECIALLY the Federal Reserve bandits.
41 posted on 09/04/2014 9:42:52 AM PDT by cashless (Obama told us he would side with Muslims if the political winds shifted in an ugly direction. Ready?)
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To: Sean_Anthony
Every day there is some statement released by the federal government that indicates that the pols and bureaucrats think that America would be just wonderful.... without Americans!
42 posted on 09/04/2014 9:48:26 AM PDT by Rummyfan (Iraq: it's not about Iraq anymore, it's about the USA!)
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To: Uversabound

Canned goods. Chocolate. Thick socks. Cigarettes & TP for bartering. Sterno. Sturdy boots. Road Flares. Concertina wire. *SMIRK*


43 posted on 09/04/2014 9:55:28 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: Sean_Anthony

How in the hell can Americans hoard money when 3/4ths of us are living from paycheck to paycheck? And that money isn’t being blown on luxury items either. Utilities, fuel, food, and housing eat up the majority of the money most people earn. And low inflation? Are you kidding me? Been to a grocery store or gas station lately?


44 posted on 09/04/2014 10:23:21 AM PDT by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
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To: Jim from C-Town

$400 is more than our gubmint thinks you should be allowed to keep.


45 posted on 09/04/2014 10:52:35 AM PDT by TurboZamboni (Those who make peaceful revolution impossible will make violent revolution inevitable.-JFK)
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To: Sean_Anthony

Wot an idiot!

Did this guy have a brain when he was born?

Was it replaced by a golf ball?


46 posted on 09/04/2014 11:29:53 AM PDT by PATRIOT1876
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To: Blood of Tyrants; All
It could be that people just don’t have any money to spend

That's what 'Slow Joe' Bite-me said, just the other day! Of course his prescription blamed it on the evil rich, those other than him, I mean!
47 posted on 09/04/2014 12:33:11 PM PDT by notdownwidems (Shellback pollywogs! U.S.S. William H. Standley, CG-32 1977-80)
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To: Sean_Anthony

“What prudent merchant will hazard his fortunes in any new branch of commerce when he knows not that his plans may be rendered unlawful before they can be executed?” — James Madison


48 posted on 09/04/2014 12:35:01 PM PDT by Mr. Jeeves ([CTRL-GALT-DELETE])
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To: Diana in Wisconsin

And of course ammo and more ammo


49 posted on 09/04/2014 1:08:32 PM PDT by Uversabound (Our Military past and present: Our Highest example of Brotherhood of Man & Doing God's Will)
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To: Sean_Anthony

I’ve pointing to velocity for years...

And it’s why QE was the right thing to do.


50 posted on 09/04/2014 1:12:08 PM PDT by Wyatt's Torch
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To: babble-on

Work for the St. Louis Federal Reserve do ya?


51 posted on 09/04/2014 4:08:24 PM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: babble-on
Gee, you sold the idea of looking for the article so well, I decided not to care enough about another BS article about another BS study from a Quasi-government monopoly.

The Federal Reserve of St. Louis is no different than that of Dallas, Cleveland, or San Francisco a bunch of seat filling bureaucrats that have no more knowledge about the economy or the concept of how a market operates than your average Obama drone and a damn sight less than your average Obama crack dealer.

52 posted on 09/04/2014 4:26:27 PM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Sean_Anthony

http://canadafreepress.com/index.php/article/65788

here is your correct link.


53 posted on 09/04/2014 4:27:42 PM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Sean_Anthony

“Young lady, did you hoard all that money by yourself?”

“No sir - my sister whored some of it too”


54 posted on 09/04/2014 7:05:47 PM PDT by Some Fat Guy in L.A. (Still bitterly clinging to rational thought despite it's unfashionability)
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To: Sean_Anthony
Hoarding money? Yep that's me.
They must be talking about the blue quart jar for pocket change on my dresser.
That is the only money I can afford to hoard.
55 posted on 09/04/2014 7:53:29 PM PDT by HP8753 (Live Free!!!! .............or don't.)
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