Stop. We both know that people, funds, whatever, that would rather let their money sit in safe, low yield earning investments (during times of historical rate norms) have been unable to do so and forced to diversify into or chase higher risk vehicles to obtain the same levels of return. You can try to defend the Fed anyway you want here, but it's crap. The Fed created the situation that we are in, and now it's not liking what it sees, and trying to fix the problem that IT created with more, stupid intervention.
"When it's important, you have to lie." Besides, it doesn't matter if the Fed does it or the SEC ends up pulling the trigger on it. It amounts to the same stupid shit.
Well, you and I have somehow been able to resist this inexorable force. We must be truly special people indeed! At any rate, this is clearly another case where would have to agree to disagree.
That's precisely the issue... The SEC can't seem to be able to pull the trigger on the money-mkt fund regulation and it's been nearly 6 years since the crisis. I can't help but be skeptical about them doing anything.
Watch the junk bond funds. When they move below their 8 month moving average, you will know the jig is up. The shit will officially be hitting the fan shortly after that. So far, they keep going up and up and up with no end in sight.
Happy to day that I will not have to read one of those articles for sometime, if ever again... (at least not myself someday, anyway )