Wednesday, October 6, 2010

PIMCO: Inflation for as Far as the Eye Can See

All indications are that the dose of money printing that is coming is going to be HUGE.

Paul McCulley portfolio manager at Pimco, run by Bill Gross, Founder and Co-Chief Investment Officer and Mohamed El-Erian, Chief Executive Officer and Co-Chief Investment Officer, just put out this tweet:
We’re confident monetary policy in the developed countries will remain extraordinarily accommodative for a very extended period.
PIMCO is as tied in as they get. ZeroHedge has been charging that they regularly front run Fed moves, further Alan Greenspan is a consultant to them and Neal Kashkari is on the payroll. They know.

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