Fundamental Monetary Reform Is Coming…(Part One)
Thinking Things Over May 13, 2012 Volume II, Number 19: Fundamental Monetary Reform Is Coming…(Part One) By John L. Chapman, Ph.D. Washington, D.C. The monetary system is to the economy what circulating blood is to the body: the former enables the latter to function. If the former is plagued with a virus, the latter will .. read more
Bill Gross: Holders of Dollars Should Diversify
Bill Gross is out with his latest commentary and while most of his commentaries are nothing more than talking his own book, this month’s missive actually makes some sense: So the rather conservative U.S. government debt ratio shown in Table 1 will likely be anything but in less than a decade’s time. The immediate question .. read more
Karma
Bill Gross made over $1 billion for his PIMCO Total Return fund when the government placed Fannie/Freddie under conservatorship and made bond holders whole. He’s given it back on Lehman and AIG (via Bloomberg): Sept. 17 (Bloomberg) — Bill Gross‘s Pimco Total Return Fund, the world’s largest bond fund, fell 1.4 percent yesterday, the biggest .. read more
