Bill Gross: Liberal in politics, awful as an investment manager = Rich Media Hero
Once again, I don’t think you can flood the world with dollars and debt and have low inflation.
http://www.economist.com/blogs/freeexchange/2010/02/obamas_budget_and_missing_trillions
$2 trillion gone and nothing to show for it
Feb 2nd 2010, 14:05 by G.I. | WASHINGTON
NOTHING better explains the fiscal setback Barack Obamas domestic agenda has suffered in the last year than this sentence from the budget:
Since the [previous budget] was released in February of 2009, unfavorable economic conditions and technical re-estimates have worsened the deficit outlook by $2 trillion through 2019the equivalent of 1 percent of GDP per yearwith a deterioration of about $200 billion in 2015 alone.....
Former Gambler ?
The “bond market” is not under his thumb, and he doesn’t own the assets under management, the shareholders do.
Bbkmark