Noting the FOMC minutes said additional ease is coming fairly soon unless the economy sees...

Noting the FOMC minutes said additional ease is coming fairly soon unless the economy sees "sustainable strengthening," Bill Gross says QE3 is a "done deal." He expects an open-ended program in which neither the size nor ending date of asset purchases is fixed. How to play it? Buy TIPs and buy mortgages (or buy the companies that buy mortgages).

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Comments (4)
  • coolshaps
    , contributor
    Comments (48) | Send Message
    Anybody have any ideas of some good ideas? NLY?
    23 Aug 2012, 06:48 PM Reply Like
  • holydawn
    , contributor
    Comments (146) | Send Message
    I've had good luck with MFA, since I believe they don't have many FHA loans.
    24 Aug 2012, 01:05 AM Reply Like
  • petten
    , contributor
    Comments (121) | Send Message
    Bill Gross is nuts. He wants QE3 most desperately because it'll keeps his bond empire going. The more the bond bubble is prolonged, the less urgently he has to face the inevitable. It's like an old man fearing death approaching.
    23 Aug 2012, 10:05 PM Reply Like
  • sethmcs
    , contributor
    Comments (3573) | Send Message
    QE3 is about a weak dollar and currency wars. The fed will not do anything until the ECB goes first other than talk. The euro is too strong to do QE3. If Europe blows up expect the fed to bail them out again using dollar swaps. Remember a lot of those big European banks are members of the fed.
    23 Aug 2012, 10:32 PM Reply Like
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