I have a couple hundred grand in a money market fund. Why is none of your business, but it does not make shit.
But I have a question. Why are interest rates not always 0-1% all the time? What advantage is there for the US, or the world as a whole to have interest rates anything other than close to 0%? I always see these guys on CNBC and Peter Schiff pushing to raise interest rates, but what is the advantage of having interest rates at say 8% versus close to 1%?
I get there needs to be balance in investments, but rates have been near 0% for 8 years and the economy has not collapsed, so not sure why there is a push by some to raise them by a few basis points.