“Bill Gross joins the chorus of people who are saying today that without more help from the central banks, markets are in big trouble.
Of course, Bill Gross has been betting heavily on more QE, so he’s also talking his book here.
In fact yesterday, his PIMCO Total Return Fund fell 0.45% on hints that more QE would not be in the offing. He wants the juice as much as anyone.”
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Ha, The central bank is where bad bonds go to die.
Guess who is will pay for those bad bonds when they die.
The taxpayer.
Guess who gets screwed with possible inflation from further easing and free money to banks.
The taxpayer.
*sigh. Capitalism my sweet patoot.
More easing is the essence of socialism.
(IMHO)
how right you are….sad most can not understand this