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The Lender of Last Resort (EP.300)

Animal Spirits Podcast

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Money Market Fund Flows - What Are They Doing?

The amount of money and money market funds has increased by roughly $400 billion since the Fed began to raise interest rates a year ago. Since 1992, it was the biggest week ever when money flowed out of money market funds. These are not just people with $5,000 in a bank. They have more than $250,000 in cash that they're letting sit in a checking account.

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