Rate Chasers

[twaddle]

Rate Chasers Are Online and Moving Cash Quickly - New York Times

I especially liked this bit:

Elizabeth Warren, a consumer finance specialist and Harvard Law School professor, said ... “Although many savers are sophisticated enough to understand the stock market is the place to be long term, they believe its fundamentals are crazy now and they cannot tolerate the risk. I’m one — my husband and I got out this summer and put our money into C.D.’s.”