Currency Hoarding

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http://confoundedinterest.wordpress.com/2012/12/23/loss-of-confidence-currency-hoarding-and-the-crash-in-homeowner-equity/

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...Between anemic GDP growth and the rapid growth in bank deposits (at incredibly low deposit rates), it is no wonder that M2 Money Velocity is dead....

The only thing which could possibly drive this sort of thing (rapid growth in bank deposits (at incredibly low deposit rates) is fear...

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@gungasnake,

I agree.
Your economy is about to collapse, not until April though.
Have you not read the script?

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@gungasnake,

Quote:

The only thing which could possibly drive this sort of thing (rapid growth in bank deposits (at incredibly low deposit rates) is fear...

Or the fact that hiding it in the mattress makes the bed too lumpy.

http://3.bp.blogspot.com/-eYaSGC-YgaU/T2BsBkO6WsI/AAAAAAAAADA/MWC3_bnCBYw/s1600/money-under-the-mattress.jpg

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Currency Hoarding

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