Posted on 12/28/2007 4:16:03 AM PST by databoss
"...everyone is in apparent agreement that...like heroic armored knights on horseback saving damsels in distress by slaying dragons, the central banks must arrange irresponsible, insane infusions of infinite credit and money!"
If there is one thing you can say about Bill Gross of Pimco, it is that he is an optimist. He starts out by saying that the Federal Reserve is a bunch of morons who have no idea what in the hell they are doing, and that The Mogambo is right, and that we ought to storm up there with flaming torches and pitchforks, dragging Ben Bernanke and his lowlife Fed buddies out into the street to exact some kind of awful Revenge of the Sheep...
(Excerpt) Read more at safehaven.com ...
This guy’s a fun read. “The angriest man in economics” or something like that.
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