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<title>Biden&#x26;#x2019;s Follies! Banks&#x26;#x2019; Usage Of Fed&#x26;#x2019;s Emergency Funds Jumps To New Record High, Money-Market Inflows Soar As Bank Deposit Growth Remains Negative</title>
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<description>What a mess Biden and his Progressive backers have made. And we are forced to suffer the consequeinces of his policies. Or follies! Money-market funds saw inflows for the 7th week of the last 8 with a $42BN jump (the most in 2 months) to a new record high of $5.625TN&#x26;#x2026; Source: Bloomberg The inflow was dominated by a $24BN increase in Institutional fund assets while Retail also saw a sizable $17.7BN increase&#x26;#x2026; Source: Bloomberg And the divergence between money-market fund assets and bank deposits continues to grow&#x26;#x2026; Source: Bloomberg And while we actually saw huge deposit outflows (on a...</description>
<author>Confounded Interest </author>
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<pubDate>Fri, 8 Sep 2023 13:58:28 GMT</pubDate>
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