poggi

At The Big Picture, an analyst looks at PIMCO's record as a Fed forecaster and finds it wanting. "Whatever insight PIMCO gleaned from being the world’s biggest bond fund was consistently overridden by their talking their book," says Barry Ritholtz, who also points out the lack of incentive that TV channels have to question such a big advertiser.

I have often wondered why other stock/bond analysts are made to disclose their holdings or conflicts in their recommendations, but PIMCO talkingheads who advocate for this or that government policy are never asked how same would advance PIMCO's interests. Blatant conflicts are possible, though I believe Gross is an honest guy, but that wouldn't stop him from promoting his own interests.

U.S. Dealing with a Boatload of Debt - Moody's

How much of that debt is crap that Moody's labeled "AAA"?


On Feb 05 02:50 PM plumstupid wrote:

> I've fallen and I can't get up!

Quantitative Wheezing: The Difficult Search for Yield

While I understand, appreciate and agree with your claim that retirees investing in US securities will "suffer" dollar devaluation; however, so what? Most retirees are not globe trotters; and, if they discipline their purchasing habits, they can live "on the US economy" for the most part. Secondly, how many retirees or their financial advisors are capable of constructing a currency-hedged, low-risk investment portfolio?

What did investors/savers ever do before we had interactive, up-to-the-second exchange rates and access to financial writers who have time to muse and write about these things? Oh, I remember. We simply lived our lives in a much less complicated way.

Just the Facts: JPMorgan Buys WaMu's Deposits Division

A Wamu employee was interviewed and said, "I'm not worried because Wamu has an excellent severance policy for its employees". If the FDIC has to cover any losses, is it paying severance pay? Incredible. Maybe it's time for salary and benefit caps for regulated entities.

Compressed Natural Gas: Key to American Energy Independence?

Does the $1/gal price quoted in the article include all existing state, local and federal levies?