"Show Me The Money"
February 19th, 2008 by Jon Taplin
A reader asked in the comment section of this morning’s post about the banking troubles about where do we invest. I would never tell anyone where to put their money, but its really clear from the chart above of the growth in Money Market Fund Assets that now top $1 Trillion. Obviously many investors are parked in cash, waiting out the bear market. The good news is there is a lot of money on the sidelines. If the markets turn around we know where the money is.
I would go with high grade intermediate non US denominated bond fund—can’t trust the US currency—doug
Basically interest rates are too low. Right now money market accounts are still paying something, but as soon as this goes negative expect the market to take off like in the early 90s.
You fellows are still thinking that it’s about “getting rich” when the whole message of this collapse is that that is the cause of this disaster.
[...] American savings accounts, CD and Money Markets according to an industry chart shown last week on Jon Taplin’s blog. Yesterday, the fed continued the fall when Chairman Ben Bernanke described the economy as a no [...]