An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
He actually just said this on CNBC.
He said a Eurobond would "siphon demand away from Treasuries."
It's amazing how dumb this guy is.
What's that say about all his remaining clients?
Actually, given Greenspan's example, http://mikenormaneconomics.blogspot.com/2012/05/united-states-sleepwalking-into.htmlmaybe this indicates Gross qualifies to be next Fed Chairman?Failing enough to fail up? Only remaining hurdle is to see whether he's dishonest enough to fill Alan's shoes. [I've heard autographed originals are for sale.]
More likely if Draghi shows up at the next meeting in drag, spike heels would spike.This sounds like the PC Tech that tells you your hard drive vibrates so much because all of the bits have gotten over to one side. So you have to buy this disk optimizer program...And while you're here, we've got a great sale on Sawzalls with a reversing switch!
I need a little pull-back in the bonds too! ;)
laugh out loud funny, Mike. Straight to the point.
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