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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