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Crypto Stories Part 2: Bitcoin led Charlie Shrem into a tumultuous life

Crypto Stories Part 2: Bitcoin led Charlie Shrem into a tumultuous life
cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.

Will Spending Resume Post COVID?

Will Spending Resume Post COVID? Behavioural economists say that it depends onthe triggering of a number of psychological biases, especially the types of “accounts” in which consumers have allocated their savings Yan Barcelo 9 April, 2021 | 1:45AM Consumers worldwide and in Canada are sitting on unprecedented hoards of cash accumulated during the pandemic. According to a CIBC report published in November 2020, Canadian households and businesses were sitting on $170 billion of excess cash, $90 billion of that in consumer accounts, representing 4% of consumer spending. This is in line with what’s happening elsewhere. Bloomberg Economics reports that globally, consumers saved close to US$3 trillion by the end of February 2021.

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