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.
Bill Gross is still fighting the last war. In 2011 as QE2 was coming to an end he incorrectly thought that the end of Fed asset purchases would send Treasury yields surging higher. He got reamed, steamed and dry-cleaned. Now it seems that he has adjusted his strategy to what would have worked three years ago but no longer does. http://bit.ly/glYxgF
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Bill Gross is still fighting the last war. In 2011 as QE2 was coming to an end he incorrectly thought that the end of Fed asset purchases would send Treasury yields surging higher. He got reamed, steamed and dry-cleaned. Now it seems that he has adjusted his strategy to what would have worked three years ago but no longer does. http://bit.ly/glYxgF
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