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Wiley
ParticipantYou can put it into a mmf that only invests in treasuries. I’d avoid the others.
ParticipantYou can put it into a mmf that only invests in treasuries. I’d avoid the others.
ParticipantYou can put it into a mmf that only invests in treasuries. I’d avoid the others.
ParticipantWe are just at the start of a full blown banking crisis. Theres a saying that everyone gets what they deserve.
ParticipantWe are just at the start of a full blown banking crisis. Theres a saying that everyone gets what they deserve.
ParticipantWe are just at the start of a full blown banking crisis. Theres a saying that everyone gets what they deserve.
Participantrb,
Factor in inflation and your growth disappears.
Participantrb,
Factor in inflation and your growth disappears.
Participantrb,
Factor in inflation and your growth disappears.
ParticipantFirst of all FDIC is really just an agreement amongst all the banks to support eachother. In full meltdown its useless. Really it wouldn’t take that much for it to happen in our mad fractional reserve, derivative, structured world.
Second, be very careful about money market funds. Many are able to offer those 5% returns because they are buying mortgage securities and the like. The fund can drop below $1 nav.
I guess the safest is short term treasure bills which you can easily buy at Treasury Direct. Other then that foreign currencies and gold. IMHO.
ParticipantFirst of all FDIC is really just an agreement amongst all the banks to support eachother. In full meltdown its useless. Really it wouldn’t take that much for it to happen in our mad fractional reserve, derivative, structured world.
Second, be very careful about money market funds. Many are able to offer those 5% returns because they are buying mortgage securities and the like. The fund can drop below $1 nav.
I guess the safest is short term treasure bills which you can easily buy at Treasury Direct. Other then that foreign currencies and gold. IMHO.
ParticipantFirst of all FDIC is really just an agreement amongst all the banks to support eachother. In full meltdown its useless. Really it wouldn’t take that much for it to happen in our mad fractional reserve, derivative, structured world.
Second, be very careful about money market funds. Many are able to offer those 5% returns because they are buying mortgage securities and the like. The fund can drop below $1 nav.
I guess the safest is short term treasure bills which you can easily buy at Treasury Direct. Other then that foreign currencies and gold. IMHO.
ParticipantPatientrenter,
You were defending the BB, reread your post. To think the Fed is “just trying to do their best and control inflation” is an admission you don’t have a grasp on the workings of the Fed. I’m not talking about their stated mission but about their actions (with exception of Volker perhaps).Prior to the Fed there was virtually no inflation. For proof read some of Greenspans earlier papers. Since the Fed we’ve lost 97% of the value of our dollar.
Bernanke is an academic. My guess is he answers to people higher up but thats hard to know since the “Fed” is a private corporation which has never been audited.
When this latest debt based credit cycle plays itself our I doubt you’ll be cheering them any longer.
ParticipantPatientrenter,
You were defending the BB, reread your post. To think the Fed is “just trying to do their best and control inflation” is an admission you don’t have a grasp on the workings of the Fed. I’m not talking about their stated mission but about their actions (with exception of Volker perhaps).Prior to the Fed there was virtually no inflation. For proof read some of Greenspans earlier papers. Since the Fed we’ve lost 97% of the value of our dollar.
Bernanke is an academic. My guess is he answers to people higher up but thats hard to know since the “Fed” is a private corporation which has never been audited.
When this latest debt based credit cycle plays itself our I doubt you’ll be cheering them any longer.
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