PIMCO's Bill Gross was out earlier today on twitter describing Fed policy.
Gross: Fed merry-go-round: inflate stocks til 2000. Then inflate housing til 2007. Then inflate stocks til 2012. Now inflate housing again.
That pretty much sums it up.
Gross: Fed merry-go-round: inflate stocks til 2000. Then inflate housing til 2007. Then inflate stocks til 2012. Now inflate housing again.
That pretty much sums it up.
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