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Bill Gross: Fed's Monetary Policy at Dead End
Posted by: Dheeraj Grover (IP Logged)
Date: September 3, 2012 02:35PM
Well-known bond investor and founder of the biggest bond investment company PIMCO was on CNBC to discuss his views post Ben Bernanke's Jackson Hole speech and what the impact will be on the investment environment going forward.
-- QE3 is certain, no matter when it comes it will be impotent.
-- Bernanke argues economic headwinds, slow growth reasons for keeping rates lower and Bill Gross believes that unemployment will remain high in the near future and growth is slowing, so that gives credibility to Bernanke's statement and makes it certain than QE3 is coming.
-- QE3 will create more jobs and reduce unemployment: PIMCO and Gross think so.
-- Bill Gross's view - don't fight the Fed but be wary of consequences going forward.
-- Monetary policy has reached its dead end.
-- End game for Europe: Try to keep as many countries together, alive and kicking and then produce some sustainable economic growth.
Here is the video:
Re Bill Gross Fed s Monetary Policy at Dead End
Posted by: linda malloy (IP Logged)
Date: September 5, 2012 12:19AM
The American Workforce has been pauperized. There is very little affordable housing for
the pauperized workforce.