Posted on 03/09/2011 12:27:54 PM PST by gregd0180
Rest assured, Obama, Bernanke and other DC elites in both parties are going to make sure their families are insulated from the consequences of their actions.
You must be mistaken - Rachel Maddow was on Letterman singing the praises of the stimulus!
LOL! Well people need to keep watchin Obama TV because it supports him.
Yeah yeah I know Fox-Al Waleed is our friend and Ma Kettle loves TCM because they show the old Jimmy Cagney films. Obama TV we love you.
Holy cow.
Holy cow.
Something smells here.... Like a few insiders who know QE3 is on the horizon and want to ride the bogus equity bubble a few hundred points higher? These crooks are manipulating the country as we know it into oblivion....
Would someone kindly translate this into english and advise?
If there’s no QE3, isn’t that a *good* thing?
Would you dump PTRAX into cash? Or hold it and hope that Gross isn’t intentionally leading everyone off a cliff?
Dodd, Frank, Freddie Mac, Fannie Mae...
We all knew this had to happen . . .
Nothing to worry about. Just the potential for crushing deflation and the halt of all U.S. commerce.
Interest rates are going to start rising rapidly...Treasuries are the latest bubble and it’s popping...
‘Tax Free Municipal Bonds’, is the question; When you’ve got to support big government and pay back the investors, what gives first?
So we'll have deflation instead of inflation now? Gosh, that's swell. Ain't life a gas?
The Fed is already giving handsignals to those watching for this.
Have to disagree—these investors know that the govt spending is out of control and incompetent lawyers running said institution is destroying the value of the dollar and dollar-backed debt. Dollar-backed debt becomes worthless when the fed is forced to print more money, backed by nothing, to buy the governments burgeoning debt. Outrageous deficit spending by the federal government is the root cause of the collapse.
One can draw the inference the fed may be intending to require the TBTF banks eat their own spoiled minced mortgage pies.
I would presume if Mr. Gross saw “faith” in MBS’s, felt the bonds were secure, and had any trust in the ability of TBTF banksters to make them whole, he’d hold them.
I noted Moynihan has already began squawking over the AG’s suggested principle reductions, stating “Our duty is to have a fair modification process.” Well, they hadn’t been too concerned about that yet.
“It’s a moral hazard issue.”
A corporate bankster using the word “MORAL”?!?!? It’s gotta be a bastardized form - the both of them...
Please tell me this is not true. What is the next shoe to fall, foreign investment funds? How do I convince my wife that this is not going to end as a nice cycle up and down and back again?
>These crooks are manipulating the country as we know it into oblivion....
Your knowledge of fiscal matters & bond markets is breathtaking.
The “crooks” who are manipulating this country into oblivion are the ones that PIMCO is protecting itself from, namely, those involved in QE1, QE2 & the soon to be QW3.
Which must be followed by QE4 and so on and so on.
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