Bill Gross Explains The Fed's Bubble "Merry-Go-Round" In One Tweet
Bill Gross has become quite the expert at explaining the Fed's flawed, ruinous and destructive "policies" in 140 characters or less. Today is no exception.
Gross: Fed merry-go-round: inflate stocks til 2000. Then inflate housing til 2007. Then inflate stocks til 2012. Now inflate housing again.
— PIMCO (@PIMCO) October 22, 2012