Bill Gross Is Angry
The bond king is pissed:
GROSS: Fed’s secret Email list bothers no one it seems.I’ll give up my rant but remember it please.
— PIMCO (@PIMCO) April 11, 2013
No Bill, we are bothered too: we have been looking for the past 24 hours on the Fed's site for ways to subscribe to said early release distribution list and still can't find it. We even offered Kevin Henry $29.95 a month to add us to Fed's frontrunning newsletter and so far, nothing.
How are we to make 100% returns in the otherwise risk free market, if we too can't have market moving information days in advance of everyone else?
Mr. Bernanke, are you listening - it hinders the "wealth effect" by denying everyone material, market-moving information early!
Get to work Mr. Chairman.