Late last month, we described a fascinating trend that is developing: the dash for cash ahead of the next market crash.
Here is what we said:
"The Bank for International Settlements (BIS) warned over the weekend about an imminent financial crisis, while it was reported on Monday that billionaire hedge fund manager Paul Singer is building cash to take advantage of opportunities after the next crisis. On Tuesday morning, we noted how 200 institutions that manage a combined $4.1 trillion in assets, are becoming increasingly bearish ahead of 2020. Now Bloomberg is reporting that family offices around the world are stockpiling cash ahead of a market meltdown."
To confirm the continuation of this trend, Lipper Alpha Insight's fund asset groups, including mutual funds and ETFs, show 3Q net inflows of money market funds increased by $221.5 billion, and for the year, rose to $349.7 billion.
Senior research analyst at Lipper Pat Keon CFA said, "money market funds have not seen this level of net inflows since the global financial crisis."
"The group's [money markets] net inflow for Q3 is its fourth-highest ever (Lipper began tracking this data in 1992), trailing only the three consecutive quarters at the start of the crisis—Q3 2007 (+$319.4 billion), Q4 2007 (+$272.4 billion), and Q1 2008 (+$347.7 billion)," Keon said.
http://www.zerohedge.com/economics/money-market-funds-have-not-seen-level-net-inflows-global-financial-crisis?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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