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

when commenting after the meeting on CNBC - what a jerk.

 

He is talking up his book again. He doesn't care about households.The guy is a Billionaire.

 

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.

 

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

 

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.

 

Here ya go Bill

 

DudeofLIFE , Gental wart , Bend over is littering . Throwing out alot of worthless paper . jake

 

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...

 

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.

 

S2007S, good ..hopefully it will happen sooner than later
jake