Pragcap included CNBC’s video of Bill Gross discussing QE’s likely failure. Other’s commenting on Bill Gross and QE include Zero Hedge and Mish. – Ilene
BILL GROSS: THE FED IS ATTEMPTING PONZI FINANCE
Courtesy of The Pragmatic Capitalist
In his latest monthly report Bill Gross says QE is unlikely to work and is essentially ponzi finance. Many of his comments appear contradictory, however. He says the bull market in bonds is over, however, the economy is stuck in a liquidity trap. He also says QE won’t work, but that it is inflationary. Attached is his commentary on CNBC this afternoon:
