Where is the money sitting?

Where is the money sitting?  Do we have any statistics for this?  Do I even know what I want to know?  Keynes wrote of a speculative motive.  My question is: which are the funds that are held under the rubric of the speculative motive?  I for one have very little investible surplus.  Where are these major pools of speculative capital that issue forth in the purchase of bonds?  (Where bonds are a proxy for any business venture.)  Do I have facts and figures?  Add Calpers to PIMCO to a hedge fund?  But that might lead one into double counting.  After all, Calpers could have placed funds with PIMCO.  So: question for research-quantify the funds available at a point in time which satisfy the criterion of being funds held for the speculative motive.


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