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]
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]
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/194
[3] http://www.zerohedge.com/taxonomy_vtn/term/10414
[4] http://www.zerohedge.com/taxonomy_vtn/term/9344
[5] http://www.zerohedge.com/taxonomy_vtn/term/11201
[6] http://www.zerohedge.com/taxonomy_vtn/term/195
[7] https://twitter.com/PIMCO/status/249152873760432128