Sunday New York Times writes on cash parking spaces

Oct 28 07

Sunday's New York Times writes on cash parking spaces, "Shedding Stock-Market Vertigo (but Still Making Some Money)". The article says cash rates have not fallen as much as they normally do after Fed cuts, and that money market rates remain attractive vs. lower longer-term CD rates. "Many funds have only dropped half of what they'd be expected to drop," said Peter Crane, president of Crane Data, which tracks money market investments, quotes the Times.

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