Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
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|User Info||Oh No..... (Hindenburg); entered at 2012-07-25 22:57:06|
Money Markets are going to be blown to bits if Bernanke goes to zero on reserves. That's one of the few levers he has left -- doing so will turn money market accounts into things with a negative interest rate (yeah, I know they're basically zero now, but at least it's zero!)