Deposits soared over the past three months by $429 billion to a record $10 trillion, despite zero interest rates.
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fear is mounting
it has mounted.
This is the current “bubble” of sorts. That money will come out one way or another in time.
some of these terms could use a good defining. Say one of my brokerage accounts is a Wells Fargo one. And say I had been short some VXX, but covered when it went into steep backwardation.
Was that “margin debt”, is that now a “bank deposit” as I have mostly just left it as cash?
In another of my brokerage accounts for god konws what reason, some money is “cash” and some is money market earning 0.00071% interest. Is one of those a “bank deposit” while the other is not?
I’m not entirely clear on these things.