Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said investors may be at a disadvantage for as long as 15 years as the U.S. keeps borrowing rates low to reduce its debt burden. “Savers are being disadvantaged” when compared with debtors, Gross said during an interview on Bloomberg Television’s “Surveillance Midday” with Tom Keene. “What policy makers are... [more]
Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said investors may be at a disadvantage for as long as 15 years as the U.S. keeps borrowing rates low to reduce its debt burden.
“Savers are being disadvantaged” when compared with debtors, Gross said during an interview on Bloomberg Television’s “Surveillance Midday” with Tom Keene. “What policy makers are trying to do is rebalance this imbalance, in terms of too much debt and too attractive rates on savings. It’s basically called financial repression. We call it pocket picking.”
http://www.bloomberg.com/news/2011-05-26/gross-says-savers-to-be-at-disadvantage-for-years-on-low-rates-tom-keene.html[less]
What does this have to do with NY residential real estate?
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Response by lucillebluth
almost 15 years ago
Posts: 2631
Member since: May 2010
i think it goes back to that point you made in like one sentence that took me two post to almost but not quite formulate. finacial sector is not actually doing well at all, it's all a big magic trick. not let's all take a forget-me-now and pretend we don't know and/or understand this.
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Response by Riversider
almost 15 years ago
Posts: 13573
Member since: Apr 2009
It is rather strange to hear the Fed making statements about banks not lending enough while at the same time paying them an overnight(Fed Funds) which is roughly equal to the three month rate of LIBOR. It's like Fed and Treasury are each talking out of both sides of the mouth
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Response by w67thstreet
almost 15 years ago
Posts: 9003
Member since: Dec 2008
if the gov't is "we the people" and some of we are stealing from some of we? aren't social security cashing fat fks like you stealing from me and my kids?
FLAMOZ, riversider talking about talking both sides of the the mouth... the SAME fking policies that got you bubble profits in your coop in NYC, NOW it's a problem. FK you you old weiner, you can't tweet your weiner cause I bet you can't find it.
http://www.ritholtz.com/blog/2011/06/congressional-research-service-confirms-big-banks-borrowed-cash-for-next-to-nothing-then-lent-it-back-to-the-federal-government-at-much-higher-rates/
What does this have to do with NY residential real estate?
i think it goes back to that point you made in like one sentence that took me two post to almost but not quite formulate. finacial sector is not actually doing well at all, it's all a big magic trick. not let's all take a forget-me-now and pretend we don't know and/or understand this.
It is rather strange to hear the Fed making statements about banks not lending enough while at the same time paying them an overnight(Fed Funds) which is roughly equal to the three month rate of LIBOR. It's like Fed and Treasury are each talking out of both sides of the mouth
if the gov't is "we the people" and some of we are stealing from some of we? aren't social security cashing fat fks like you stealing from me and my kids?
FLAMOZ, riversider talking about talking both sides of the the mouth... the SAME fking policies that got you bubble profits in your coop in NYC, NOW it's a problem. FK you you old weiner, you can't tweet your weiner cause I bet you can't find it.