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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: CalculatedRisk who wrote (51987)6/3/2006 8:09:07 AM
From: George K.  Read Replies (2) of 116555
 
Krugman's comment about cash hording leading to recession is interesting - "A recession happens when, for whatever reason, a large part of the private sector tries to increase its cash reserves at the same time."

I see a lot of that in my microeconomy - especially in small businesses not involved with real estate. I do know a ton of that money is about to go into CDs - either in the same depository bank that holds the biz checking accounts - or elsewhere. My bank prez is worried, I think, about it going to elsewhere banks like ING or HSBC with these linked checking accounts. The attractive interest rates after years of no return on investment is the story of the year imo but I'm in a small town setting.

George
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