a123stocks

Is the Global Economy Drowning in a Sea of Black Gold?

The author seems to say US crude inventories are the highest they have been in the last decade. I check the EIA site (www.eia.doe.gov/pub/oi...) and they seem to say crude inventories are at the bottom of the range for this time of year ...

Bill Gross Wants A PIMCO Bailout

Well done Mr. Shedlock. Yours is a well researched and eye opening article. Keep up the great work.

I used to follow Bill Gross avidly. However, I have seen he has been making a series of extremely poor calls (on 10 year Treasury rates for example) that have been way off the mark. His call for a US Government bailout is shockingly irresponsible.

If the US Government does that (a bailout) it will only reward the bad investors (such as PIMCO) and penalize those of us that have been cautious and prudent.