July 17, 2013

Passed a construction site today where a swimming pool company was being razed to build a bank branch.

Got curious so performed a non-scientific survey:  In the town of Fairfield, CT, population 58,000, 10,500 of whom are school kids, we have 33 bank branch offices and one bookstore.

Not sure what that says about our society in general, but it clearly spotlights the management anemia in the banking industry.  Why would anyone be tempted to switch banks on a scale these date indicate?

Maybe they’re hedging against inflation by buying up real estate while rates and prices are cheap?

But what if we also want to read by the pool?