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The Fed will likely kick off its next round of monetary stimulus in a couple weeks, says Pimco's...

The Fed will likely kick off its next round of monetary stimulus in a couple weeks, says Pimco's Bill Gross, but it won’t do much to improve the country’s job market. The Fed is looking for improvement in "sustained" employment, so until we see a few consistent quarters of around 7% unemployment, look for QE. Regardless, Gross feels it's becoming increasingly impotent anyway. It's "reached a dead end," he says. “Once you get down to zero percent on interest rates, there’s not much left to stimulate.”
Comments (5)
  • wyostocks
    , contributor
    Comments (7706) | Send Message
     
    “Once you get down to zero percent on interest rates, there’s not much left to stimulate.”

     

    Sure there is. The bankers need more stimulus and who gives a damn about the middle class and seniors?
    31 Aug 2012, 06:30 PM Reply Like
  • Tack
    , contributor
    Comments (12967) | Send Message
     
    BG is full of s.... and I don't mean "stumulus."
    31 Aug 2012, 06:38 PM Reply Like
  • Drew Robertson
    , contributor
    Comments (313) | Send Message
     
    If all you have is scotch tape, you keep using more and more of it to hold things together.

     

    OTOH I bet against zero this morning. And lost.
    31 Aug 2012, 07:21 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    If you want lower employment, you need to FIRE the guy (Obama) whose endless EPA, NLRB, endless regs, crony capitalism and Central Planning, etc are causing uncertainty and damaging the economy.
    31 Aug 2012, 07:25 PM Reply Like
  • Drew Robertson
    , contributor
    Comments (313) | Send Message
     
    You for one appear eager to welcome our new alien overlords from Kolob.
    31 Aug 2012, 08:25 PM Reply Like
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