13 Comments
Apr 23, 2023Liked by James Lavish, CFA

James,

When you say you are "weighted in FDIC- insured cash equivalent securities", aren't you saying your in money market funds that hold short term US treasuries? If yes, wouldnt those funds experience a short term liquidity problem in the event of a default? If yes, how is that better than holding one month treasuries directly?

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Apr 23, 2023Liked by James Lavish, CFA

Nothing is safe. Let’s just hope the commercial banks don’t default or more bank runs don’t occur. Could get 1930s nasty

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Apr 23, 2023Liked by James Lavish, CFA

Thanks James, as always!

You stated “....the market is saying there is a high chance that the 3-month USTs will default.” Is this because market participants are selling off 3 month T-bills, thus interest rates rise?

And if so, who are selling the 3 month T-bills?...the US?...other nation states?...fund managers?

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Apr 23, 2023Liked by James Lavish, CFA

Thanks James, great explainer..

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Hi James great article as always . Can you provide some names of the Gold backed ETFs you’d recommend for me to research further . I’m already in Real Estate and BTC since 2016.

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