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Anyone with cash and low-leverage cash producing assets.
by 0xCMP 7y ago
Anyone with cash and low-leverage cash producing assets.
- paganel 7y agoAnd it will be a challenge deciding who really has cash and what cash really means when the bubble will burst. I remember that for a short but intense period of time money-market funds were in negative territory in late October 2008, which was really interesting because they were seen as basically cash (rightly or wrongly, that’s another discussion) and a run on them would have made many people very, very unhappy.
- bra4you 7y agoThis is a pretty good answer. With cash you are total contrarian in the current environment. But this strategy also comes with risk. "Haircut" etc.