Review an Article from the USA Today Money Page.

This weeks blog will be on Review an Article from the USA Today Money Page. Investors cash out of money funds in drove. Investors have yanked out Net worth $490 billion from money funds this year through October. And others have just cashed there money out of the stock. This is all due to people flowing there cash money funds and are going into bond funds. This occurrence has only happened twice in the last 26 years. They say this is happening because bill's and other payments have deepened in price in the last few years. "It shows how deep the recession is: They may be taking money out to pay the bills or the mortgage." says Vincent Deluard. Investors where noted to be chasing "red-hot returns" during the month of October but for some reason, they were not this come this month October. But investors aren't chasing hot returns. And since the end of October, money fund assets have fallen an estimated $176 billion, the ICI says. An estimated $9.4 billion has fled stock funds. And $50 billion has poured into bond funds. Some investors are probably leaving money funds because yields are tiny. Money fund yields are low because the Federal Reserve has been holding short-term rates down to boost the economy.