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The Only Game in Town (EP.308)
Animal Spirits Podcast
Money Market Assets Spike in 2008 and Fall Since Then
Money market assets spiked in 2008 and got it down with $4 trillion. Then have fallen ever since and basically went nowhere from 2012 to 2019 call. And now they've spiked since then. But my point is with rates being on the floor for so long, that's why you have these assets go way back down. Some of the money coming back into money markets just money that was in risk of your assets because we're at 0% for so long.
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