As Bill asked, "who will buy?" after we fund almost our entire deficit with instantly created cash for a quarter? Also note that he observes: "Bond yields and stock prices are resting on an artificial foundation of QE II credit". What happens when foundations are removed?
Bill Gross: Who will buy Treasuries when the Fed doesn't? - Investment News: www.investmentnews.com/article/20110308/FREE/11030...09913
http://chum.ly/n/75f1bb
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment