Pimco's Gross Says Fed Has To Cut Rates To Support Households

Discussion in 'Trading' started by dhpar, May 9, 2007.

  1. dhpar


    when commenting after the meeting on CNBC - what a jerk.
  2. He is talking up his book again. He doesn't care about households.The guy is a Billionaire.
  3. dhpar


    well that was my point. Still there are a lot of people on ET who think this guy is some kind of a wizard or what.
  4. a 13,400 dow ,a world wide massive bubble,200 trillion of dreiviatives, a credit system so maxed out its frightening and they want rates cut
  5. Arnie


    I think his premise is pretty weak. Housing will crash at 5.25, but not at 5.0 or 4.75. I think the effects of a rate cut, if we get one, are way overated.
  6. [​IMG]

    Here ya go Bill
  7. DudeofLIFE , Gental wart , Bend over is littering . Throwing out alot of worthless paper . jake
  8. S2007S


    The money people are making in the market should be able to keep this economy rolling for another 5 years.

    no need at all to cut rates to support housing...
  9. S2007S


    exactly right,,,

    no one cares now because everyone is making money....wait till it there is a top and the credit bubble bursts, its not going to be fun at all.
  10. S2007S, good ..hopefully it will happen sooner than later
    #10     May 9, 2007