10-year

Don't Miss This Only Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

PIMCO's Kashkari: Bernanke Has Very Limited Tools

December 14, 2012 | About:
Dheeraj Grover

Dheeraj Grover

18 followers
PIMCO's chief of global equity and ex-assistant Treasury secretary was on CNBC to discuss his views on the recent Federal reserve's announcement of new bond buying and its monetary policy linking to lowering of the unemployment rate.

-- Fed has admitted to the "new normal" now and recent Fed announcement tells us that monetary easing policy will be there for long time till growth perks up a bit.

-- Unemployment is structurally higher and unemployment of 6% to 7% is the new normal.

-- But is constant monetary easing helping? Not at all and will do little to further grow the economy. This economy decline or small growth is structural.

Credit and source: www.cnbc.com, CNBC

Here is the video:







About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 3.0/5 (2 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK