“The Pimco Total Return Fund is the world’s largest bond fund, so Bill Gross’ market moves and musings can carry a lot of weight in the markets. Gross is founder and co-chief investment officer of Newport Beach, Calif.-based Pimco.
Billy has been griping quite a bit lately about the current policy stance of the Fed, most lately calling it a “Devil’s Bargain.” He argues that the Fed’s super low rates “are robbing savers and taking money surreptitiously from longer-term asset holders who are incorrectly measuring future inflation.”” Read more.
“Bill Gross Cuts Government Bond Holdings Again”
Wall Street Journal, February 14, 2011.
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