People are hanging on tighter to their cash.Still gas has to put in the car and food on the table.Some expensives can be cut back on.Others cannot.I tried out a new food bank last Monday.triffid

Quote from: triffid on October 16, 2013, 10:35:55 PM
Just like the big companies in the world ,families are now hoarding more cash.
http://finance.yahoo.com/news/families-hoard-cash-5-years-071652515.html


My flea market dealer friend has told me people are not buying from him now like they did a few months ago.triffid

That's right, triffid.   I see it here in San francisco as well.    Retail shops go out of business and aren't replaced by new and different shops like they were in the past.   Some stores sit empty for awhile, even months.

--Lee

Yes Lee,I see empty shops here too.Looks like the government came through with another temporary fix.No surprise really.I did hear inflation will be on the rise in 2014.Also we discussed at the breakfast table (yesterday)at McDonalds how people are dropping dimes on the ground and not bothering to pick them up.Just like the pennies that so many people leave on the ground nowadays.

Quote from: triffid on October 18, 2013, 12:21:06 AM
Yes Lee,I see empty shops here too.Looks like the government came through with another temporary fix.No surprise really.I did hear inflation will be on the rise in 2014.

It will?   I don't know that it'll make any difference.   A very few people are still sounding a warning that the economy is headed for a 'smackdown', as it were.   I have a couple of articles that can give a reason or two as to why.

Quote
Also we discussed at the breakfast table (yesterday)at McDonalds how people are dropping dimes on the ground and not bothering to pick them up.Just like the pennies that so many people leave on the ground nowadays.

In S.F., it's still pennies.   And a few larger coins.   People weren't like that 30 - 40 yrs. ago.   Throwing away coins?   No.

Those articles indicate the bond and derivitives markets are about to implode.   They're worth at least 20 times the whole gross domestc products of every country on Earth for a year.   When they collapse, it's all over for the economy.

--Lee

They're engaging in capital controls, limiting the movement of your money. In France, they have all but outlawed gold ownership. India has slapped a 10 percent surcharge on buying gold. Germany is hunting down and taxing money that's fled to Switzerland. The U.S. is making it nearly impossible for you to invest or put money offshore.
All of this is soon going to come back to haunt Washington and Brussels by causing the exact opposite of what they want: It will drive money underground, into black markets, and into art, collectibles, rare coins and, ironically, the asset governments hate the most, gold.