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Strategies & Market Trends : Waiting for the big Kahuna
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To: Crystal ball who wrote (43173)8/25/1999 4:01:00 AM
From: KeepItSimple  Read Replies (2) of 94695
 
Actually, the reason greenspam increased the fed funds rate is because there's going to be a massive run on banks in the next few months as people withdraw billions in cold hard cash in advance of the Y2K.

The banks of course, would be lucky to have 10% of investors funds in a liquid form, so they're going to have to borrow it from the fed when the depositors start lining up outside the doors.

This info is direct from my pal back in NC who is a branch manager of First Union..
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