, Columnist
The Market's $50 Trillion Safety Net
A hard-to-fathom pile of money is looking for something to do.
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If you want to get a sense of just how insecure investors are feeling, consider this: Investors worldwide are holding more than $50 trillion in cash.
That's according to BlackRock President Rob Kapito, who mentioned the startling statistic in an earnings call on Tuesday. He noted that up to 60 percent of clients' holdings are now sitting in cash, according to BlackRock research. "Depending upon changes in interest rates and changes in equity volatility, a lot of that money can come into motion," he added.