“We, as well as our SWF and central bank counterparts, are reluctant to make additional commitments.” - A line from Bill Gross in his monthly Pimco Investment Outlook.
A little over a month ago, I questioned …Is Pimco Too Big? After reading his outlook and watching Gross on television today, the answer appears pretty clear.
He compared Pimco to Sovereign Wealth Funds and Central Banks from around the world. In a way, it seems like he is even speaking for them. It’s almost impressive to see Gross talk someone else’s book for once!
Who is in control of our Treasury?
This article has 6 comments:
He scratched out the word "food" and added "cash." His sign now reads "Will work for cash."
And the PPT works for them all... its doing a great job today keeping a bid under the market... that "free" discount window candy wasn't as cheap as it looked... looks like they have to do some work for it...
but anything to keep the markets up for 2 more months, AT ANY COST.