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