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that is exactly right...Gross is preserving his funds...he is worried that demand for US Bonds will fall...hell with interest rates so low they would have already except for us buying our own debt to keep the Chinese interested.

Gross has sold off before.

Ichan is an unethical man...but unlike his peers of the day he did actually manage a business he got stuck with ..TWA...and we know how that went.

You don't have to be rich to be smart about our economy. It is certainly an inexact science even for “smart and rich” folks.

I am not rich. If I was worth what I owed I might be at the threshold of independently wealthy. My wife and kids can enjoy that after I'm planted.

btw..Treasuries went up a hair when after Gross sold off..so go figure

Inflation worries me but more due to oil prices right now and the fact that one day when we do "recover" it will be inflationary...there is no way around it and owning sizable commerical properties...moderately sizable...I ain't Duke Realty or anything...but it is a gnawing fear for me when my numerous ballons come due...where will rates be? ...they are pretty low now...I think we will reel in our debt in time but it will take more GOP control...we already have that locally and it will come nationally next year...and we will thwart the entitled...I never knew the total scope these public unions have...I'm in the South...few Unions and right to work

I have never seen as many white liberals as I do on TV in Wisconsin and all these Unions up north. We had a Union rally and they bused in around 300 to Nashville a few weeks ago. New Orleans was the only Union hotbed in the South until Katrina

With all the trouble in the world, I look for the dollar to rise and treasuries to be popular for awhile longer. The dollar is still the safe haven for whatever reason. The trouble with predicting is the market can remain irrational longer than I can remain solvent. But it( lower bonds, higher interest rates), will come, it has to. I was alive and trying to raise a family when Carter was in office. I know from inflation. Most voter today have no clue what it was like. I figured that out when people said Bush was our worst president. It's the same thing now. High unemployment and high inflation. All we need is the interest rates to get the trifecta that almost killed America. Oh, and don't forget the gas lines. I had an odd number on my license plate.

The problem with Keynesian's is they can't ever figure out why it's not working. They will drive us right into the ditch and then set it on fire and still lecture us that we need MORE debt and HIGHER taxes to get us out of trouble.

I did hear today a theory that Pimco thinks the market is about to take off so he will switch to equities from bonds, but that's just idle rumor. I still can't figure out why we are at 1300 S&P anyway, let alone go higher. I've NEVER been this depressed in my 59 years as I am now. The problems are tough and we have idiots in charge. If you figure the math, we ran up $220 billion in 28 days in February, so multiply that times 12 months and we will be north of $2 trillion deficit this year vs $1.6 trillion last year. We are arguing over $50 billion. I'm just sick. Maybe we could elect a home schooled 6th grader to balance the budget cause the Harvard grads don't seem to be able to get a handle on the zero's. In my household, cutting is not the problem, getting more income is the problem. Cutting is just saying "no".