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Money Fund Cash Mountain Reaches $6.3 Trillion
Can cash be a "bubble"?
I don't think so. But if cash bubbles were a thing, we'd be staring at one.
US money market funds took in another $37 billion in the week to September 4, according to the latest ICI update published on Thursday evening. It was the fifth straight weekly inflow, and the largest since early last month.
The total haul over that five-week stretch comes to $165.08 billion, a huge sum which pushed total AUM to a new record north of $6.3 trillion.
As the figure shows, the i
Maybe not money ready to jump into equities, but quite a reservoir of ready capital to buy the (damn) dip if deep enough (which would surely vpce accompanied by a dip in MM rates)…
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