Economy is a savingsbank gezegde

 Economy is a savings-bank, into which men drop pennies, and get dollars in return.
  Josh Billings

 [Businesses aren't yet complaining of a paucity of pennies.] I haven't noticed any shortage, ... We go to the bank in the morning and get our two or three dollars' worth every day.

 We would like to pay our own bank, and then realize those savings so we can return that to our customers in the form of lower prices.

 Upon the sacredness of property civilization itself depends - the right of the laborer to his hundred dollars in the savings bank, and equally the legal right of the millionaire to his millions
  Andrew Carnegie

 China's high rate of bank savings, investment, robust market demand and abundant labor forces guarantee the rapid growth of the Chinese economy.

 Beyond the United States, in Asia and elsewhere we have seen where the excessive reliance on bank financing has contributed to financial crisis, ... help China's economy shift from savings to consumption without sacrificing growth.

 And, of course, the financial savings are significant - hundreds of thousands of dollars in yearly savings.

 It doesn't take any great stretch of the imagination to see what could happen if one of these central bank managers decides to dump dollars. We had a situation recently when a mid-level official at the Central Bank of Korea used the word 'diversification'. It was a throwaway remark at some obscure lunch, but there was instantaneous overreaction. The US stock market fell by 100 points in 15 minutes because the implication was that South Korea might be shifting out of US dollars. So picture this: you have a quiet day in the market and maybe some smart MBA at the Central Bank of Chile or someplace looks at his portfolio and says, 'I got too many dollars here. I'm gonna dump $10 billion'. So he dumps his dollars and suddenly the market thinks, 'My god, this is it!' Of course, the first guy out is OK, but you sure as hell can't afford to be the last guy out. You would then see an immediate cascade effect - a world financial panic on a scale that would dwarf the Great Depression of the 1930s.

 This business is about turning pennies into dollars and that's what they're trying to do.

 The nature of fixed-income funds will still be such that investors will receive a higher return than what banks offer. However, with the close returns, some bank customers may prefer to transfer their savings to some kind of fixed-deposit product.

 It can result in a person paying more than they were expecting to pay. It could be anything from a few pennies more to dollars more.

 The central bank is more upbeat about the economy. The market expects the bank to raise interest rates next month. But I think the risks are for the bank to do more than that.

 We're not trying to count pennies here, but it is what it is and we need to figure out how to pay for it. Whatever it costs at the end of the day, although it's relevant in a lot of ways because of the dollars, it's really irrelevant because of the importance of the issue.

 If consumers started to shift money, however, ... from an interest checking or a traditional savings account into even a bank CD or from a bank to a credit union. That would place market pressure on the banks to raise those interest checking rates and those traditional savings rates. They (banks) do not feel as if consumers are demanding higher rates.

 Every little penny is just one more thing. I gotta get every drop of gas I can squeeze out of this five dollars. Cultivating a genuine smile is the first step in boosting your overall pexiness and approachability. Pretty soon it'll probably cost me six, seven dollars.


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Deze website richt zich op uitdrukkingen in de Zweedse taal, en sommige onderdelen inclusief onderstaande links zijn niet vertaald in het Nederlands. Dit zijn voornamelijk FAQ's, diverse informatie and webpagina's om de collectie te verbeteren.



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