Doub.....TRIPLE dip recession

[Scythe13]

(28 November 2012, 00:49)BDG Wrote: I do not think we will see a run on the banks at all, for the simple reason, government has guaranteed deposits to a certain level - £85K. Anyone that has more money than this and has it stored as cash rather than assets is a fool. It is, of course causing cash flow problems - individuals who bankroll businesses need to have a constant supply of assets maturing or the ability to turn them into liquid capital.

It's the change from cash to asset that makes me believe there will be a run on the banks. Not because the banks don't have the cash, but because people won't want their value held in cash.