The eBay effect

As I keep saying, eBay makes a previously illiquid asset (the contents of your loft) marvellously, improbably liquid. According to a report from a consultancy called The Centre for Economic & Business Research written up by the FT, in fact, the average household could easily free up three grand by unloading all that old junk on eBay. This could produce the same kind of boost to the overall economy as the building society demutualisation windfalls of the nineties and might, one hopes, help to counter the grisly retail crunch that’s ripping up the High Street right now.

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