Post-Brexit Cash Hoarding Is “Worrying Signal” For UK Economy
by Tyler Durden
ZeroHedge.com
Sep 19, 2016
On the heels of Japan, Switzerland, and Germany, Pantheon Macroeconomics warns the UK’s biggest surge in cash-hoarding since Lehman “signals that no economic renaissance is on the way. On the contrary, the pick-up in the desire of households and firms to hold money, as opposed to other assets, is a worrying signal.“
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