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PIMCO could crush CRIMEX silver in a split second by saying "I'll have the remaining 28MN oz".
Chasing yield again?
$7 billion in cash or $70 billion?
7bln is 3% of the fund, I don't think they have 30% in cash...still it's a lot of cash, imagine how much gold u could buy
I want to invest in China. High quality.
New road collapses after 2 days. Excuse me, 1 1/2 days. Love those guard rails.
this looks just like the road those three government officials were inspecting!
I'm sure glad that the steel sections for the new span of the Bay Bridge were made in China. Luckily, the Bay area is not a seismically active zone.
Nor any asians there either.
And 32 times -27 does fucking equal -864.So no more comments about bad math (stuff like Greece's or Spain's debt, US debt ceiling, etc.) from the paenut gallery cheerleading section. Buggers.
That's ok, it'll be inspected.
Just like the bridge/road/train station/train/water/food/milk/whatthefuckever in China, but just remember, now it's being done right, by a bunch of mysogynist public employee members of the SEIU who cannot be terminated for cause, who, around SanFran might even like to take one of those big steel bolts and stick it in their bungs, write the report as "la de dah" and when the bridge collapses during the next magnitude 8.9, caused whole or in part by the magical HAARP machine trying to wipe the entire evil gay population off the map when Michelle Bachman is president, then they can blame it on the Godless Chinks when nobody'll get healed through prayer and positive thinking.
We are in Good Hands, with The State(picture of TSA agent squeezing boy's glotz)
Henry Kissinger celebrates Red Day a few weeks ago with his Commie friends. Says Mao is great (@2:10)
Chinese propaganda with rap "good men join the army". "mao is tha man" got millions of views in China.
O my sweet beef, I must still be good angel to thee. The money is paid back again.
Gross getting whipsawed just like cta's and hedge funds - no asset class works in a high correlation world.
No asset class saves a manager from bad decisions.Was it Timmah told him it was "a good idea" at the time? Fishin' for the new job? "Don't worry we're there. Already on top of it. Benji's a printin' like there's no manyana." (giggle, giggle, snort, snort)
Relax, we are all getting a bailout from Comet Elenin this October.
If that's the case, then bugger off and tend to more important things than these. If I thought the end of the world was this October, I wouldn't be wasting time here.
Depending on where you read, approach is 9/10 at 0.45 AU or 9/25 at 0.20 AU. The moon is .0024 AU "close". Do the math
Close enough for Gubamint work.
Maybe pimco is the u.s. Q.E. to the world since we started this mess. I mean how many other financial gurus are out there criticizing the us treasuries and getting air time out the butt? Geitner says float italy some money.. some money gets floated.... all out war if u.s. does not pay back... eu
I knew it was only a matter of time before PIMCO got itchy and figured it better "put some money to work" by chasing some crappy asset like PIIGS bonds.
Like I said earlier, the yields are getting high enough to entice some funds with some bravado to go in and brag about how they "loaded up" at or near the low tick, and now they will be able to luxuriate in high yields for years to come.
Now Gross is figuring out what else to do with his money. Probably end up buying high yield stocks or something.
sure beats pounding the table publicly on shorting treasuries. the headline is still priceless though: "Muhammed says short US treasuries!" would it be any other way? now let us look peerlessly into the sophisticated trading strategies being employed by today's financial "MASTERS OF THE UNIVERSE"
Beware==pretty sure Pimco/Gross were among the list of creditors that were caught pants down with Lehman paper as they entered bankruptcy protection.
I'll take "Notable Bankruptcies" for a Trillion, Alex.
Yes indeed. Link
Stupid billy boy, why are you investing in juncky souvereign bonds when you have AAA US treasuries? Are you reading any Moody's reports?
so he just loaded up on WOP debt ?
He has timing issues.
PIMCO may have been told to cut it out by TPTB and start buying treasuries again.
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