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JPMorgan stops accepting new money in a number of money market funds following the ECB yesterday...

JPMorgan stops accepting new money in a number of money market funds following the ECB yesterday cutting its deposit rate to 0%. Where will the money go? Peripheral bonds? Stocks? (h/t Zero Hedge)
Comments (3)
  • Tschurin
    , contributor
    Comments (362) | Send Message
     
    The ECB is probably hoping it will go into Spanish and Italian debt.
    6 Jul 2012, 08:07 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    Where will the money go? Unlikely money-market money would end up in the stock market. I assume U.S. treasuries paying .0001% unless an efficient means can be set up to take advantage of Japanese government rates of .00015%.
    6 Jul 2012, 08:09 AM Reply Like
  • montanamark
    , contributor
    Comments (1444) | Send Message
     
    buy stock in mattress co s
    thanks ben - for nothing; free money for big banks, nothing for the people
    6 Jul 2012, 08:52 AM Reply Like
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