Lurking In The Shadows.
Note: I have published an updated version of my recent article “Cash Is Interesting Again. And Safe.” to reflect the higher interest being paid on cash accounts starting tomorrow with millions of dollars in insurance by both Flourish (increased to 4.55% for Tier 1 and 4.25% for Tier 2) and Betterment (increased to 4.50%). The updated version of the article can be viewed here.
Markets woke up on Monday morning to the news that First Republic Bank (FRC) had finally been taken behind the woodshed and shot in what is now the new second-largest bank failure in US history, snatching that dubious…
The skinny
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