Flash: Bernanke Makes Bill Gross Cry Like a Little Bitch

Bill Gross, the manager of the world’s largest bond fund, feels like “crying in his beer” for having bet so heavily against U.S. government-related debt earlier this year, the Financial Times reported on Monday.

Showing a more bearish view on the U.S. economy, Gross said PIMCO had initially dumped all of its U.S. debt holdings in March as he expected economic growth to be higher, resulting in inflation down the road.

Read more: http://www.foxbusiness.com/industries/2011/08/29/pimco-says-regrets-betting-against-us-report/#ixzz1WSuEc7kZ