A lot of investors have noticed that money market funds have paid out a big fat zero, goose-egg, nada, so far this year. But, it’s easy to miss the fact that the sponsors of money market funds have had to subsidize these funds in order to keep their returns from turning negative. This can’t go on forever and when the subsidies do stop, those who have waited until the last minute, will find that the best income oriented investments will have already been bid up by those who had the foresight to take action now.