Another Industry Growing Like Gangbusters
In “Business is Booming,” I noted that one area of the economy, the firearms industry, is growing like gangbusters. As it happens, another sector that does well when times are bad and people are worried is also seeing brisk demand for its products.
“More Americans Stashing Cash in Home Safes” (MarketWatch)
In an era marked by financial turbulence, it’s probably not surprising that safes have become a popular commodity, with some manufacturers, retailers and installers reporting sales increases of as much as 40% from a few years ago.
…
One thing that isn’t driving the safe boom, apparently, is crime. Indeed, U.S. burglary rates have been plunging for years. Still, experts say that many savers and investors feel a lingering sense of insecurity in their finances—a hard-to-shake fear borne out of the jolting recession and, at times, wobbly recovery—which is helping to spur the new safeguarding mentality.
Tyler D. Nunnally, founder and CEO of Upside Risk, an Atlanta firm that researches investor psychology, says sticking tangible assets in a safe can be a natural reaction to volatility in the markets. “People dislike loss twice as much as they like gains,” he says. “They want to protect what they have.”
Growing numbers of these fearful types simply don’t trust their banks to protect them: In a Gallup poll last year, a record-high 36% of Americans said they had “very little” or “no” confidence in U.S. banks. (In 2008 and 2009, when the financial crisis was peaking, that figure stood at 22% and 29%, respectively.)
But, but…I thought Treasury Secretary Tim Geithner said the U.S. financial system is “significantly stronger than it was before the crisis”? Shouldn’t these people be listening to clowns “experts” like Former Federal Reserve Chairman Alan Greenspan and buy “cheap” stocks instead?
Read more at Financial Armageddon
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,811,973,589 |
| Stories: | 8,653,467 |
Whistler Blowers, Insiders
