Sabri wrote:

> It seems that money market funds are going down first.

Are you sure?  Money market?  Institutional, uninsured MM funds?  (Not
that the insurers are sure.)  Aren't some MMs part of M2?  It's almost
like saying that liquid money is evaporating.  I thought they'd
benefit from the so-called "fly to safety."  (My doctor told me today
that he was hoarding precious stones and actual, physical gold.)
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