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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Report: Home Safe Sales Surge

Growing up in West Virginia, we had something we called "Appalachian investing:" Taking your cash, sealing it in Mason jars and then burying it in the back yard. Goes way back. Dig around in a Southern back yard enough, you're likely to unearth some Confederate dollars.

Today's version: Taking your cash and hoarding it in a home safe. Not quite as dirty and certainly a lot less colorful.

SentrySafe
, the largest manufacturer of home safes, said last week that sales of home safes were up 50 percent in October, according to a Business Week report.

That's what you call a leading economic indicator.

Home Depot reports nationwide sales of home safes are up by double digits, Business Week writes.

The Fed says "money in circulation" -- that means cash in hand -- is at its highest level since 1999, when folks were worried that a Y2K collapse would wipe out their bank accounts.

-- Frank Ahrens

The Ticker is Twittering!

By Frank Ahrens  |  November 10, 2008; 3:00 PM ET
Categories:  The Ticker  
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