Bill Gross concludes in his latest
monthly letter to Ben Bernanke: "It’s been five years Mr. Chairman and the real economy has not
once over a 12-month period of time grown faster than 2.5%. Perhaps, in
addition to a fiscally confused Washington, it’s your policies that may be now
part of the problem rather than the solution. Perhaps the beating heart is
pumping anemic, even destructively leukemic blood through the system. Perhaps
zero-bound interest rates and quantitative easing programs are becoming as much
of the problem as the solution."
My bet is simple. Bernanke exits the Fed and goes to Goldman Sachs for $30 million a year and all will be well.
No comments:
Post a Comment