{"id":28323,"date":"2011-09-19T17:00:09","date_gmt":"2011-09-19T17:00:09","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/la_times_bank_deposits_soar_despite_rock-bottom_interest_rates\/"},"modified":"2011-09-19T17:00:09","modified_gmt":"2011-09-19T17:00:09","slug":"la_times_bank_deposits_soar_despite_rock-bottom_interest_rates","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=28323","title":{"rendered":"(LA Times) Bank deposits soar despite rock-bottom interest rates"},"content":{"rendered":"<p>Americans are pumping money into bank accounts at a blistering pace this year, sending deposits to record levels near $10 trillion on escalating fears that the U.S. economy is on the verge of another implosion.<\/p>\n<p>There&#8217;s no sign that the flood into checking, savings and money market accounts is slowing down. In the last three months, accounts at U.S. commercial banks have increased $429 billion, or 10%, almost double the increase for all of last year.<\/p>\n<p>There&#8217;s one big problem: Banks don&#8217;t want your money.<\/p>\n<p><a href=\"http:\/\/www.latimes.com\/business\/la-fi-low-yields-banks-20110918,0,3758580.story\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Americans are pumping money into bank accounts at a blistering pace this year, sending deposits to record levels near $10 trillion on escalating fears that the U.S. economy is on the verge of another implosion. There&#8217;s no sign that the<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=28323\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,582,149,593,129,585,596],"tags":[],"class_list":["post-28323","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-consumerconsumer-spending","category-economy","category-personal-finance","category-psychology","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/28323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28323"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/28323\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}