Friday, March 20, 2009

Bond King Bill Gross says Bernanke's funny money isn't enough...

The latest from master bond investor Bill Gross: Total Fed money printing so far isn't enough to restart the American economy.

As Bloomberg reports: "We need more than that," Gross said today in a Bloomberg Television interview from Pimco's headquarters in Newport Beach, California. The Fed's balance sheet "will probably have to grow to about $5 trillion or $6 trillion," he said.

Gross is almost always right on these sorts of things... so expect more money printing... and expect it to lead to inflation in a few years. And expect commodity bets to keep working.

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