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Strategies & Market Trends : Galapagos Islands
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To: mph who wrote (42857)6/25/2003 11:11:30 AM
From: Jorj X Mckie  Read Replies (2) of 57110
 
Art Cashin had some interesting comments on CNBC yesterday WRT how the rates affect money market accounts. Since there are fees associated with these accounts, if the rates drop below 75 beeps, then there is zero return on those funds. If rates go below 75 beeps, then it does turn into a negative return because of those fees. Pretty scary.
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