Peter Crane Time Quotations

The saying goes, it's not bulls, not bears, but chickens who put their money in cash; they park it there and wait for better opportunities, ... So those chicken investors, and retirees and income investors, have reason to be thrilled about the rates, because for the first time in a while they're going to be paid decently to sit there.

We're seeing interest in cash for the first time since 2001, practically, and we expect the interest to only grow as rates continue to rise. Yields are still digesting the Aug. 9 Fed hike and be- ginning to anticipate an almost certain Sept. 20 rise, so we should see yields break through 3 percent and keep going.