The countercyclical asset, a continuing series

It is getting worse: home vaultsThe Times of London reports:

Sales of household safes have surged as wealthy savers concerned about the
health of banks opt to keep cash at home.

Leading safe manufacturers contacted by The Times said that they had
seen a big increase in demand. Many predicted that fears of meltdown in the
banking sector would mean a further rush before Christmas.

One company said that sales had increased by a quarter, while another said
that its staff had received calls from panicking investors who now wanted to
keep their savings locked away at home.

Here are previous installments in the series.


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