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@denikombucha As a rule, working folk should react to "the rich are hoarding liquid assets" as a really bad sign, since that means the rich think there's going to be a depression soon - a depressed economy means that homeowners and smaller businesses will be forced into selling at lower prices, which is why you want to have a bunch of liquid on hand to buy them when those people are desperate.

While us in the working class aren't the direct target of this pattern, we 100% are going to suffer massively, since the most important part of causing asset prices to tumble is to fire an assload of people.

This is a second brick in the "we are entering a recession" puzzle, after the increasingly poor job numbers, ESPECIALLY the report yesterday from BLS for May that is, to put it frank, deeply alarming.

Storm's a brewin, in other words.