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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: posthumousone who wrote (111584)7/7/2001 4:21:35 PM
From: James F. Hopkins  Read Replies (3) of 436258
 
Well really that's assets in money market funds..what happens if those drop to fast;
in as much MM funds are in bonds etc , then bonds must get sold and interest rates
go up..la de da..like MM funds are not just cash sitting on the side lines as the
dumb ass news pundits imply.
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Also MM funds help cover the margin requirement for shorting too..
If them pundits on CNN. or CNBC knew what they were talking about
they would not be news comintators..they would be running a hedge
fund ripping of the suckers and making some real money.

They don't have a clue as to what is really going on in the market it's over their
dumb ass heads by a mile or two, they make up stories as they go & will say
or do just about anything to get some attention.

Also for the most part they are in a conflict of interest as if they were to get
really honest or did some sincere investigative reporting their sponsors
would dump them in a minute.
Just the same MM funds are not cash..
Do you know that in Japan they distrust the bankers so much that
there is a waiting list to get a safety deposit box..& the safety deposit
boxes over there are crammed with CASH..both yen and U.S cash
& have been for a long time & why don't they talk about taht. ?
Jim
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