Posts
‘Dirty’ Money Affects Spending Behavior, Study Finds
"People want to get rid of worn currency because they're disgusted by the contamination of others." And they tend to spend those worn-out bills faster.
Don't you see what this means?
If the U.S. Bureau of Engraving and Printing infused the smell of death into freshly printed money then the economy would recover in no time!
Genius!
The smell of death surrounds you
2 comments:
Do I detect a certain lack of direction in your money posts? An inability to identify exactly which failure will occupy center stage next with so many competing...
will the war in Gaza escalate or not, will Syria continue it's death march, will Greece or Spain or anybody finally leave the Euro and put paid to that experiment, will Japan continue to explore new depths of deflation, will we jump off the fiscal cliff, or will we finally be hit with an asteroid?
So many ways the cards could fall, none of them suggesting party hats and streamers.
fried,
Do I detect a certain lack of direction in your money posts?
Yes!!
If I knew for sure what would fail and when then I would definitely be investing differently.
I'm in hunker and brace mode. About all I think I know for sure is that this economy will not grow in real terms like it once did. There are just too many major exponential trend failures and I expect more to appear.
Breaks beget more breaks, and so on, and so on. Sigh.
Ever see Force 10 from Navarone? The charges go off in the dam. Nothing seems to happen. The demolition expert explains, "These things take time." Shortly thereafter, the first cracks appear.
Post a Comment