![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNzX80t3FAZPEDy6Qdr0iMHQJ2VRsd0NKD0s_H_yWaGX0xYIZ5n2PTn530dOuv0Fm4pOLgj_O6oO7hT-q9vu_ZpmAdB-BFLCnwcznysWEvT91YVo33esLeqO6FqNGsdkimphD_k5mj6KY/s400/redandrover081013.gif)
Actually, somewhat to my surprise in light of all the financial turmoil, we are not seeing a large spike in currency holdings. (
Click here to see the data.) There was a large spike at the end of 1999, when many people feared that banks might be paralyzed by the Y2K problem, but nothing like that more recently.
Update: A reader alerts me to
this news story from the U.K.: "Sales of household safes have surged as wealthy savers concerned about the health of banks opt to keep cash at home. "
No comments:
Post a Comment