The bond king's daily tantric Tweet is out:
Gross: World awash in money. Fed buys 85 billion per month. BOJ 75 billion. ECB hints at neg interest rates. Don’t buy – sell risk assets.
Gross: World awash in money. Fed buys 85 billion per month. BOJ 75 billion. ECB hints at neg interest rates. Don’t buy – sell risk assets.
— PIMCO (@PIMCO) May 2, 2013 [5]
So... is Bill buying what you are selling? Or is this reverse, reverse, reverse psychology and he is selling into his tweets, hoping for a lower bid to hit? Or just PR?
Inquiring minds want to know.