The old 'new normal' bond guru succinctly sums up Bernanke's failed logic with QEternity in 80 characters...
Gross: Fed buys Mtges but banks fail to pass through lower yields to future home buyers.
— PIMCO (@PIMCO) September 21, 2012 [7]
[1]- Bill Gross [2]
- Bond [3]
- Fail [4]
- Main Street [5]
- PIMCO [6]
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