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To: Win-Lose-Draw who wrote (226072)3/6/2003 10:38:48 PM
From: Joan Osland Graffius  Respond to of 436258
 
WLD,

We have had serious outflows of money market funds for a while. They are all buying those Norsk bonds. <VBG>



To: Win-Lose-Draw who wrote (226072)3/7/2003 9:18:55 AM
From: reaper  Read Replies (3) | Respond to of 436258
 
wld -- lots of folks leaving money markets for regular savings accounts / CDs. check out the deposit growth at any of the regional banks -- just off the charts. these banks then take that money and invest it in mortgages -- perpetuating the mortgage bubble.

i am also amazed at the money people are throwing at junk bonds. all they see is the 'yield'. they'll learn.

Cheers


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