"Cash Comeback" Segment on CNBC Closing Bell Interviews Peter Crane.
CNBC's Closing Bell with
Maria Bartiromo featured a segment entitled "
Cash Comeback" with
Peter Crane of
Crane Data LLC touting the virtues of money markets and
Ron Insana, now running a hedge fund (
Insana Capital Partners) though still a contributing editor to
CNBC, arguing against a large cash buildup.
The segment notes the record $2.56 trillion level of money fund asssets and the attractiveness of 5% yields, and also discusses the low levels of cash held by stock funds.
Click here to see the video!