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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (65652)7/10/2006 1:00:21 AM
From: ild  Read Replies (1) of 110194
 
There's No Such Thing as Idle Cash on the Sidelines
When you go to put your “cash on the sidelines” to work, what really happens is that your money market securities (T-bills, commercial paper, etc) now have to be sold to someone else. And at that moment, the cash on the sidelines that you had suddenly becomes somebody else's cash on the sidelines. And that same amount of cash on the sidelines will continue to exist until the borrowers pay it off.
By John P. Hussman, Ph.D.
hussmanfunds.com
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