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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: gregor_us who wrote (40046)9/19/2008 8:20:36 AM
From: TobagoJack  Respond to of 218155
 
in 48 hours ago

Had lunch with JP Morgan today.

They told me that the Private Wealth Management arm saw US$8.5 Billion in new cash inflows this Monday alone.

The strong banks (or perceived strong banks) appear to be getting stronger at the expense of the weak ones.

Their cash management fund has over $500 billion in it including money from about 20 Central Banks / Sovereign Wealth Funds.



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