Tech Sector Cash Hoarding
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@scottalanmiller said:
@Dashrender said:
Is it because of to many failures, so people feel the need to save for bad time?
No idea, maybe. The great depression generation famously lost all of their money to inflation because they hoarded rather than investing. It's a weird paranoia that causes financial recklessness while feeling oddly like being conservative.
Same bad emotional reaction that causes people to buy bonds instead of stocks.
People seem to forget to invest in ammunition... that is the best investment in a collapsing economy. Pieces of paper won't bring you dinner once they are only worth the paper on which they were printed.
