Record Pace: “Frightened Investors Withdrew Near Record $63 Billion”
By Mac Slavo
This troubling number underscores what is happening in the markets: $63 billion fleeing mutual funds just in the past three months.
It represents another sign that zero percent interest has screwed over the real economy.
Rather than “growth” in the form of money pouring into investments,
we are seeing a flight from markets as stocks don’t operate as
investments, but as zero percent “shares” in the confidence that the
Federal Reserve will prevail in some mission to restore monetary
integrity.
