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Subject Cash Is King: Printing of $100 Bills Soars

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[quote:TechRaider:MV8yMDkwMTk0XzM1MTg2ODMwXzVENjNEOUE4]
A good detective always looks for a motive when beginning an investigation. And so, when Nick Colas discovered that the number of $100 bills printed last year suddenly spiked, the chief market strategist at ConvergEx Group decided to figure out what was going on.

The first thing he discovered, as we discuss in the attached video, is that "$100 bills are still wildly popular and growing in popularity." On the other hand, the use of smaller denomination bills ($1, $5, $10 and $20) has been declining for over a decade, as the number of cashless transactions has steadily gone up. In fact, in the fiscal year that just ended in October, Colas writes in a recent note to clients, the U.S. Bureau of Engraving and Printing cranked out 3 billion, $100 notes.

video link:

http://finance.yahoo.com/blogs/breakout/cash-king-printing-100-bills-soars-132438479.html;_ylt=AieAIm2oS54APvHlX9dqfPiiuYdG;_ylu=X3oDMTNyYmNhM3J0BG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDZTIyNmJkZjItYzk0Ni0zZTM4LWJmMjEtZWU4YjEzNmNmMmI1BHBvcwMzBHNlYwN0b3Bfc3RvcnkEdmVyA2Q4OGMxMzMzLTRiN2QtMTFlMi05YTllLTg4MTFjNzdlMzhmYQ--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3
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Original Message [snip]

Part of this new demand, he says, comes from the classic nefarious sources: drug dealers, arms smugglers, tax cheats and bribes. But some of it is also due to hoarding or the fact that more people than ever, oddly enough, are losing faith in government and/or the economy and are shunning the surety of traditional investments. It's a phenomenon that's led to a huge increase in demand for gold and other precious metals, but also for — you guessed it — $100 bills.

[link to finance.yahoo.com]

Pictures (click to insert)





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