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PIMCO (biggest bond fund) Dumping All Treasuries, Bringing "Government Related" Holdings To Zero
ZeroHedge ^

Posted on 03/09/2011 12:27:54 PM PST by gregd0180

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To: gregd0180

http://www.businessweek.com/news/2011-03-09/pimco-s-gross-eliminates-government-debt-from-total-return-fund.html


61 posted on 03/09/2011 1:53:14 PM PST by demsux (Obama: THE job destroyer)
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To: olrtex
"...Your kids and grandkids are up the creek."

Sold down the river by a bunch of power hungry money grubbing gangsters. They will be sitting soiling themselves in their adult diapers in a nursing home somewhere someday and our kids will be picking up the ball and chain to pay for the mess these elites made for them. What kind of future is that for the coming American generations?

62 posted on 03/09/2011 1:58:23 PM PST by 444Flyer ("...Rather the scorned- the rejected -the men hemmed in with the spears..." from 'A Consecration')
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To: SE Mom

These guys are playing some sort of 3D Chess game...


63 posted on 03/09/2011 1:58:54 PM PST by Chunga85 ("Foreclosure Fraud", TARP, "Mortgage Crisis", Bailout)
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To: gregd0180

This on the heels of the Carl Icahn announcement.


64 posted on 03/09/2011 1:59:44 PM PST by americanophile ("this absurd theology of an immoral Bedouin, is a rotting corpse which poisons our lives"-Ataturk)
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To: reasonisfaith

ping


65 posted on 03/09/2011 1:59:44 PM PST by surfer (To err is human, to really foul things up takes a Democrat, don't expect the GOP to have the answer!)
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To: gregd0180

This on the heels of the Carl Icahn announcement.


66 posted on 03/09/2011 1:59:49 PM PST by americanophile ("this absurd theology of an immoral Bedouin, is a rotting corpse which poisons our lives"-Ataturk)
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To: gregd0180

any comments re the change in Fed accounting rules relating that prevent it ever becoming insolvent? S Saville sees this as anticipating continued monetisation. I think there the provision makes more sense in the opposite case...ie falling bond prices as a result of cessation of QE


67 posted on 03/09/2011 2:01:39 PM PST by griswold3 (Character determines destiny)
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To: gregd0180

Alrighty then. Just sent it to the Knower of All Things Financial, aka the Father in Law, we shall see what his take is : /

BTTT

May God give us strength.
Tatt


68 posted on 03/09/2011 2:04:28 PM PST by thesearethetimes... ("Courage, is fear that has said its prayers." DorothyBernard)
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To: Dr. Sheldon Cooper

“The canary just died.”

Got that right.


69 posted on 03/09/2011 2:04:28 PM PST by gregd0180
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To: Lazamataz

Could you please repeat that?


70 posted on 03/09/2011 2:10:21 PM PST by JPG (May the WI GOP stay united and strong.)
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To: familyop; SE Mom; FromLori
Pimco has many, many funds. Gross is the big manager of them all?

What is Gross doing with all the other Pimco Funds that hold U.S.A. Treasuries. He mentions only Total Return.

My hunch? He sold Total Return's treasuries to the other Pimco Funds, or traded them for equities so Total Return's treasuries didn't take a hit on the open market.

yitbos

71 posted on 03/09/2011 2:10:39 PM PST by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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To: Lazamataz

seems to be that tradin bonds for dollars aint real bright unless youre sure that the next wave from helicopter ben has been stifled...
It seems odd to me, too, although I am no trader. But just on the face of it, it seems someone’s not as concerned about dollar devaluation as I am.


It is relative, one is worse than the other but they are both crap.


72 posted on 03/09/2011 2:12:26 PM PST by PeterPrinciple ( getting closer to the truth.................)
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To: Drill Thrawl

It’s an ex-canary, it is definitely deceased. The only reason it hadn’t fallen off it’s perch is because it had been TARP’d there.


73 posted on 03/09/2011 2:23:24 PM PST by Dr. Sheldon Cooper (The truth can indeed be a finger-down-the-throat for those unprepared to hear it.)
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To: gregd0180
No equities, no bonds...nothing but cash.

It's clear the big boys are expecting a major debt deflation when the Fed turns off the spigot...and it's clear they believe that spigot is being shut.

As I've been say for over a year now: Buy and hold cash, in the bank, under your mattress and in your gun safe.

It should be your only investment above the necessities of survival.

74 posted on 03/09/2011 2:24:44 PM PST by Mariner (USS Tarawa, VQ3, USS Benjamin Stoddert, NAVCAMS WestPac, 7th Fleet, Navcommsta Puget Sound)
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To: gregd0180

getting the hell out of dodge Ping


75 posted on 03/09/2011 2:31:39 PM PST by spokeshave (WTF....the only thing 0bambi's investments will get us is a bullet train to bankruptcy.)
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To: Mariner

When Bernake is forced to pull the plug on the funny money, the parasites on Wall St. will abandon ship as fast as possible. Last one holding the bag gets a major whacking. Gross converted to cash most likely for two reasons:

1) He knows interest rates are going to soar in order to pull in outside investors to buy our debt once the FED quits monetizing it and didn’t want his current bonds to get squashed.

2) He knows without the billions/month of FED market buying that he can get in much cheaper once the market has free fallen to its real value representing the real economy not the fake ponzi scheme economy.

Either way, for him to do this means it is about to hit the fan soon.


76 posted on 03/09/2011 2:33:38 PM PST by Gen-X-Dad
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To: gregd0180

The prognosis for the economy is the same as my dad’s before he died: “yes, he’s doing fine for an 85 year old with congestive heart and kidney failure.”

Seeing that both Gross and Icahn are making these moves leads me to believe we are getting close to something morbid.


77 posted on 03/09/2011 2:33:55 PM PST by Paraclete
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To: paulycy

Would someone kindly translate this into english and advise?


I was hoping the same thing. I don’t know what to make of all of this and am hoping some kind FReeper will lay it all out for the rest of us.


78 posted on 03/09/2011 2:34:04 PM PST by VirginiaMom
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To: paulycy
Would someone kindly translate this into english and advise?

The game of musical chairs is about to end. Hyperinflation, the collapse of the dollar, food riots, and other miseries are soon to arrive.

79 posted on 03/09/2011 2:34:44 PM PST by ccmay (Too much Law; not enough Order.)
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To: VirginiaMom

What I’ve gather from the good FReepers is that faith in the economy is rapidly draining and things aren’t looking too good. Prices may start going up drastically and people are going to be upset about it.

We’ll have to wait and see what happens. A lot of FReepers think you should prepare for hard times.


80 posted on 03/09/2011 2:36:44 PM PST by paulycy (Islamo-Marxism is Evil.)
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