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Strategies & Market Trends : Waiting for the big Kahuna
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To: Real Man who wrote (78240)12/15/2007 7:01:14 PM
From: Cabo Eddy  Read Replies (2) of 94695
 
Vi,

Where would you suggest parking short term cash? I usually buy short-term t-bills, but with yields under 3% now, those darn CD's at 4.7% are tempting. I'm avoiding money markets completely until all the dust settles.

I know some of these banks are in real trouble but the likelihood of the FDIC being insolvent is pretty remote, at least in the short-term. Also, GE capital has FDIC short-term CD's, and if GE or the FDIC can't pay then the world as we know it simply doesn't exist anymore. Do you know how long it takes to get your principal back if a FDIC bank does fail?

Also, do you think having gold coins in your safety deposit box is safe enough?

Thanks
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