For sure we are in uncharted waters. I no longer know whether we are in for inflation or deflation. Recessions are fundamentally deflationary, and I think that will dominate our immediate future. OTOH, with the Fed and Treasury putting the printing presses on overtime, inflation may be inevitable in the long term.
I can say that today I converted my money market account into checking. No telling how long it will take the newly proposed FDIC-type program to apply to money market accounts, and their interest rates are puny anyway. I also fully withdrew my HELOC funds, in case the bank lowers it unilaterally. After all, at the bottom cash will be king, and the rush to liquidity has already started.
