Brian H wrote:
The current issue of Forbes reports that close to a hundred billion dollars worth of investments moved from money market funds to government bonds over the last year or so. …
Just as an aside, that’s awful news. Pulling money out of the private markets and putting it into the public purse reduces its multiplier effectiveness by at least ½.
I can’t help but thinking of that much flowing power as heat or steam moving around a system without doing useful work. :grrr:
