Surveillance: Barclays' Rogoff on Fed Cuts
Bloomberg Surveillance
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The Bank Crisis and the Move to Money Market Funds
Money market mutual funds have moved $250 billion in the last two weeks. What I detect here is banking by marketing concept. Customers want safety and surety and they also want advice so it's not always about interest rate. If interest rate was the only thing I think we would have seen the bank deposit cost rise a lot faster than the previous 4.5 quarters.
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