Remarks
Your Money Market Fund Is Just Like a Checking Account—Usually
Liquidity abruptly dried up in the March 2020 “dash for cash.” There are two conflicting options for what to do.
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“I saw Tantalus in agonising torment, in a pool of water reaching to his chin. He was tortured by thirst, but could not drink, since every time he stooped eagerly the water was swallowed up and vanished, and at his feet only black earth remained, parched by some god.”