Economics and Investing:

G.G. flagged this: Families hoard cash five years after crisis. [JWR’s Comment: Could it be that the collective conscious recognizes that the “recovery” is a charade? Not mentioned in precious meta;s saving, which is the norm in India, although actively discouraged by the government.]

MasterCard joining push for fingerprint ID standard. (Thanks to H.L. for the link.)

What the wealthy are doing to beat inflation

Items from The Economatrix:

The Biggest Drag on the Job Market Just Got Bigger

Catastrophic Consequences of a U.S. Default Explained

The Grand Financial Shift: Rich Own Assets While Poor And Working Class Deep In Debt. 70 Percent Of Wealth For The Bottom 80 Percent Locked Up In Principal Residence.

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