I’d be worried about the Reverse Repo where all this type of Money is Parked..
The Fed is Now Insolvent because of their Interest Rate Hikes ..
They are paying 250 Million a Day to 8 Money Center Banks for parking their cash in the Repo..
Look for the Fed to Go to Congress and ask for a Bailout Soon..
I believe a Gush of Fake Money will Flood the Markets looking for Yield.. The Bond Market in Particular..
If Yellen and J.Rome don’t have a Plan it will be Up for Markets then when people figure out the Cash is Trash ..
The Black Hole .. Dark Ages.. Hand to Hand Combat..
Bad ain’t the Word ..
You are confusing CD's with Money Market Fund
s. CD's are FDIC insured, like savings accounts. It was Money market Funds that were in danger of going under when the reverse repo market froze up.
You’ve heard of Cascading Events..
The Derivative Markets ..
There are Trillions of Party / Counter Party Contracts that could go Bust not just on Paper ..
There are Trillions of these Contracts that are Bust as Interest Rates Go Higher..
The FDIC… Can’t cover Large Scale Losses ..
The Fed is Broke so are others Government Programs..
Social Security is Near Broke if Not Broke ..
Last I looked we had a National Debt of 31 Trillion must of it since Little Bushy ..
Who Ya Gonna Call ..