I frequently here from various prognosticators of doom, that the general populace is ignoring our collective current run of difficulties.
But what I find is that many people have two realities that they interact with. One is the reality of getting along in the modern world they grew up in. The other has them acting to varying degrees on the side about what they view as problems going forward.
So what is my guestimate of the actual amount of the concerned folks? Just short of 20%.
In any case here is someone from one of the finance world breaking the bubble of silence:
Andrew Oxlade, The
The manager of one of Britain’s biggest bond funds has urged investors to keep cash under the mattress.
He is talking about a bank run:
He pointed out that a saver was covered only up to £85,000 per bank under the Financial Services Compensation Scheme – which is effectively unfunded – and that the Government has said it will not rescue banks in future, hence his suggestion that some money should be held in physical cash.
Not particularly imaginative stuff: but sufficient.