Heresy Financial
May 4, 2023
There is a reason so many people are pulling their money out of banks right now and instead putting it in money market funds. Banks are falling like dominoes right now, with PAC West Bank Corp. down 53% in after-hours trading. Western Alliance Bank Corp. was down 23% in after-hours trading. Comerica is down 9% in after-hours trading.
The behemoths that have fallen, like First Republic Bank and Silicon Valley Bank, and money market funds, are attracting record net inflows. As we will see, the reason is that banks offer more risk and less reward, while money market funds right now have far less risk and offer a much better return.
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2022 Dinar Chronicles
