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… Source: Bloomberg The inflow was dominated by a $24BN increase in Institutional fund assets while Retail also saw a sizable $17.7BN increase… Source: Bloomberg And the divergence between money-market fund assets and bank deposits continues to grow… Source: Bloomberg And while we actually saw huge deposit outflows (on a...