According to the ‘rats, if the economy is still down, it’s due to Bush’s policies,
and only when it starts to get better can we say that 0bama’s policies are having an effect.
PIMCO’s (World’s largest bond fund manager) Bill Gross spent a longer-than-soundbite period discussing QE3, the chance of a US double-dip, and Europe’s ongoing dysfunction with Trish Regan on Bloomberg Television this afternoon.
Given more than his typically limited-to-ten-second thoughts some other media outlets appear to prefer, the old-new-normal-bond-king believes the Fed will resist another round of quantitative easing in the short-term but “if unemployment begins to rise for two-to-three months then QE3 is back on”.
Noting that investors should focus on nominal GDP growth, he goes on to dismiss the idea that the US can decouple from a troubled Europe pointing the political dysfunction between the Germans and the rest as greater than the polarity between Democrats and Republicans here at home.
And, Obama’s ‘policies’ won’t start having an effect until he’s re-elected, huh?
According to the ‘rats, if the economy is still down, it’s due to Bush’s policies,
and only when it starts to get better can we say that 0bama’s policies are having an effect.
The Rats will never admit that Clinton enjoyed an economy that was still running on Ronald Reagan’s coat tails.