Archive - Nov 11, 2012
Deep Sunday Morning Thoughts From Bill Gross
Submitted by Tyler Durden on 11/11/2012 08:00 -0500Just because Jack Handey never got to manage $1+ trillion in debt...
Gross: US fiscal cliff deeper than advertised. Its a Grand Canyon. Washington will defer entitlement cuts & raise revenues only marginally.
— PIMCO (@PIMCO) November 11, 2012
Shuffle Rewind 05-09 Nov " Wake Up " (Rage Against The Machine, 1992)
Submitted by AVFMS on 11/11/2012 05:18 -0500Well, after the Great Disconnect last week, next to the Great Pumpkin, and Sandy, we had Election week and suddenly the great Wake-Up Call. Fiscal Cliff was suddenly all the rage and ramped up equities (disconnect) were beaten flat by bonds.
"Wake Up" (Bunds 1,34% -11; Spain 5,81% +17; Stoxx 2481 -2,4%; EUR 1,271 -130)
