XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Bill Gross, manager of the world’s largest bond fund at PIMCO, expects “Helicopter” Ben Bernanke to fully live up to his moniker in the coming years. Following the release of today’s FOMC statement in which the Federal Reserve said it expects to maintain interest rates near zero through late 2014, Gross wrote the following on PIMCO’s Twitter account: Fed likely on hold for at least next 3 years. QE 2.5 today, QE 3, 4, 5, … lie ahead. Financial repression. If today’s rally in precious metals is any indication, Gross’ prediction should be music to the ears of gold bugs. Read the original post: PIMCO's Gross: "QE 2.5 today, QE 3, 4, 5, … lie ahead"
No comments:
Post a Comment