Fed selects Pimco and other firms to manage $500b of agency MBS

And in a related story Mohammed El-Erian said he is renaming his book to 'When Markets Collude'
http://www.bloomberg.com/apps/news?pid=20601014&refer=funds&sid=a160y41WSJvk

 

......the "cremm day la cremm"..........

 

I'm sure Gross will find it convinient to 'suggest' the fed to buy more of the agency mortgages of the duration that he just so happen to be long at, otherwise 'the US will surely fall into a depression and the dow goes to 5000'