Thursday, May 31, 2012

Bill Gross: "If Europe decides to issue Eurobonds, the rate on Treasuries would spike"

He actually just said this on CNBC.

He said a Eurobond would "siphon demand away from Treasuries."

It's amazing how dumb this guy is.


Roger Erickson said...

What's that say about all his remaining clients?

Roger Erickson said...

Actually, given Greenspan's example,

maybe this indicates Gross qualifies to be next Fed Chairman?

Failing enough to fail up? Only remaining hurdle is to see whether he's dishonest enough to fill Alan's shoes. [I've heard autographed originals are for sale.]

Unforgiven said...

More likely if Draghi shows up at the next meeting in drag, spike heels would spike.

This sounds like the PC Tech that tells you your hard drive vibrates so much because all of the bits have gotten over to one side. So you have to buy this disk optimizer program...

And while you're here, we've got a great sale on Sawzalls with a reversing switch!

Matt Franko said...

I need a little pull-back in the bonds too! ;)

Anonymous said...

laugh out loud funny, Mike. Straight to the point.