Thursday, October 16, 2008

US Hedge Funds Suffer Heavy Withdrawals

Investors pulled at least $43 billion from US hedge funds in September, according to data from TrimTabs Investment Research.

This continues to explain the growth in M1 money supply. It has little to do with Bernanke adding reserves and eevrything to do with investors pulliing money from hedge funds, money merket funds etc. and putting it in checking accounts at banks.

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