Who has more cash than the bank?

Starbucks stored cash is more than the deposits at many US financial institutions, such as California Republic Bank with its $1.01 billion in accounts. The company also has more consumer cash than the Green Dot Corporation, one of the major prepaid cards providers with its $560 million on deposit.

We’ve never had a decline in house prices

On July 1, 2005, the Chairman of then President George W. Bush’s Council of Economic Advisors told a reporter from CNBC that, “We’ve never had a decline in house prices on a nationwide basis. So, what I think is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. […]