I expect Bernanke to print money until the cows come home. (Hyperinflation eventually)
This is foolish. Human civilization is poised to enter the greatest era of abundance ever.
That is what will make us all poor.
Communism will only be possible when they destroy the middle class.
For a while now (since at least 2008), the primary objective of Fed policy has been to keep the deficit “managable”. It is doing this by keeping interest rates near zero as to minimize interest payments on the deficit. There are a lot of consequences to this, including the hoarding of $$ by corporations and banks. In addition, it is a huge (stealth) tax on savers.
If the 10Y treasury every goes above 5%, its game over.
Eventually?? Have you noticed that that Our Dollar has been DEVALUED by some 3500 Percent over the last 40 years. It Only took 1 Paper Federal Reserve Note to Purchase 1 Dollar in Legal Tender in 1971 when Nixon Officially closed the Gold Window after the UK called in their loans. Today it takes 35 paper federal reserve notes to purchase 1 dollar in Legal Tender. Seems to me that HyperInflation has been in full swing for quite a long time, I think what you really mean is an OUTRIGHT THEFT and DESTRUCTION of All Americans Assets on a Grand Scale.
The Fedzilla money bomb is like a nuclear bomb; you need a good develivery system to go with it. There is no good delivery system to get massive amounts of money "downstream".
“...the borning of austerity...”????
***
Does he mean “birth”?
In any event, I guess we all define abundance differently. A warm place to live, food, freedom to worship and speak (and don’t forget “free” health care). At least here in America it is pretty hard to make the argument that abundance is waning— SUPER abundance, maybe.
The end of abundance is Temptation. Temptation to steal, tax or take away anyone's abundance.
Yes; depression. For at least another 6 years.
Wow, look at that guy...
he’s giving Alan Colmes a huge run for his money in the
“most sepulchral visage” contest.
Does this mean that Mr. Gross will purchase cheaper ties?
Will he move PIMCO from Newport Beach, CA to Spivey’s Corner, NC?
Remember, Gang, Mr. Gross is lucky if he is correct half the time.
Keep your chins up and keep working.
Besides, God is good.
The problem with old age is a flawed perspective of the world. Bill Gross thinks the world is as old and stupid as he has become. Aging gracefully is a challenge.
I think Mr. Gross's spell checker meant "parabolic". At least I hope it did.
Meh, there are 3 certainties in life.... Death, Taxes, and Bill Gross will talk down the market.
Leftists absolutely love shortages of any kind - life, love, light, food, oil, money, education, etc. Those Regressives want to bring back the good old days of death, misery, division, disease, starvation, plagues, superstition, ignorance, human sacrifice, worship of animals, plants, stars and other things, pestilence, and every other abominable thing Western civilization has beaten back over the course of a 200 years.
nonsense...”death of abundance” is code speech for “sit still while we try and shackle you peons and peasants”
The demographic imperative however, is overwhelming. That’s why progressives/liberals are pre-occupied with abortion, death and killing-its their only way to keep ahead of the demographic growth curve which in the end will overwhelm the status quo.