Signs Of The Apocalypse: Even Money Market Funds Are Losing Money

Signs Of The Apocalypse: Even Money Market Funds Are Losing Money

In the history of money market funds, says the NYT, only one had ever “broken the buck” or actually lost money… before yesterday. On Tuesday, the managers of a multi-billion dollar money market fund announced that their customers might lose money in the fund– a type of investment that is considered as safe as a savings account.