October 30, 2010

What does the "Big Money" think about Quantitative Easing?

Bill Gross, one of the most prolific money managers of our time and Managing Director at PIMCO, provides his investment outlook: http://www.pimco.com/Pages/RunTurkeyRun.aspx . Why is he reluctantly supportive of QE-II? His firm and their clients own billions of dollars worth of Treasuries. He doesn't have any choice. But realize this, he knows a Ponzi scheme when he sees one and he also thinks that PIMCO won't be the last entity holding bonds when it all comes crashing down. Be very sad for people who are in Fixed Income investments at that time (lots of retirees will be in this number).

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