Showing posts with label gross. Show all posts
Showing posts with label gross. Show all posts

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.