The money network:

The money network:

Why crowdfunding threatens traditional bank lending

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June 1996

Interest rates: What could kill the US bull?


Global market watchers like to keep the closest tabs on central banks, Japanese institutional investors and wily hedge fund managers. But it is the $3 trillion in US mutual funds that this year have kept the bond market depressed, sent US stocks to new highs and helped prop up emerging markets. When - and how - will the mutual fund frenzy end? Michelle Celarier reports


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