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Home>All That Glitters Is Not a Cash Equivalent

All That Glitters Is Not a Cash Equivalent

Perspectives Content Submission

Thu, 20 Oct 2011

The properties of pyrite – fool’s gold, as it’s commonly known – are worryingly similar these days to the characteristics of many short-term portfolios investors are using these days for maintaining defensive liquidity-minded cash positions. Investors have in recent weeks sought refuge from volatil
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