As a follow up to today's must-read letter from Bill Gross, the PIMCO head explains what the thinking behind the conclusion that is slowly leading him to become a gold bug, the potentially erroneous assumption that the Fed can not drop rates below zero (not if Goldman and JPM have their way), [and] why Bernanke has no choice but to write checks when the Twist ends in June, which will lead to bond buying for the next 12 to 24 to 36 months.
Nothing new.
What is new, and absolutely stunning, is Gross' endorsement for president: "I'm a little Ron Paulish." (6'24" into the clip)...
That's right. The bond king endorses Ron Paul for president, apparently on the realization that very soon, he will...
Nothing new.
What is new, and absolutely stunning, is Gross' endorsement for president: "I'm a little Ron Paulish." (6'24" into the clip)...
That's right. The bond king endorses Ron Paul for president, apparently on the realization that very soon, he will...
No comments:
Post a Comment