A dumpster fire fed with cash from central banks.
... and this creates a liquidity problem, to the tune of US$190 billion per day.
See also WSJ piece (pay to read) Ready to Boost Stocks: Investors’ Multitrillion Cash Hoard
... and this creates a liquidity problem, to the tune of US$190 billion per day.
See also WSJ piece (pay to read) Ready to Boost Stocks: Investors’ Multitrillion Cash Hoard
As stocks cruise to fresh highs, investors’ $3.4 trillion pile of cash is reassuring some that the decadelong bull market can push still higher.
Assets in money-market funds have grown by $1 trillion over the last three years, ...See also: Idiots Making "Important" Decisions
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