A Virgin Birth Theory of Investment

Courtesy of Joe Weisenthal on Business Insider we are privy to this gem of economic wisdom. Explaining why allowing rates to rise would be a bad thing he says:

“We’d be incentivizing people to save more at a time when the biggest problem is a lack of investment and hiring. “

http://www.businessinsider.com/dear-savers-and-retirees-stop-whining-about-those-lousy-rates-youre-getting-from-the-bank-2012-2

Make a note of that. Investment can occur in the absence of prior savings. Rest assured I will be checking the weather forecast more often so I don’t miss any more of the periods of investment falling from the sky in my area.

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