Jeff Saut: Money Flows Back to Banks
Editor's Note: The following article was written by Raymond James Chief Investment Strategist Jeff Saut. It has been reproduced with permission for the benefit of the Minyanville community.TIAA-CREF defines disintermediation as “The withdrawal of money from low yielding financial accounts such as saving accounts and the reinvestment into higher yielding securities such as Treasury bills. Banks in an effort to keep the money may pay depositors higher rates. In order to afford the higher rate banks will then charge their borrowers higher interest rates. This can possibly lead to tight money and reduced economic activity.” Disintermediation is a term ...
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