Zeev's Turnips Patch-No Politics (ZEEV)

[Sherlock356]

Bill Gross pulls a 180 and eats crow. A short while ago he was saying rates would sky-rocket and to load up on TIPS.

"The head of bond-powerhouse Pimco told a mutual fund conference that the Fed, facing a slowing global economy, may not only soon stop hiking rates but it may even have to start easing before the end of the year." Quoted from a sub-site.

IMO if this happens, equities will be very happy. This is also the opinion of Don Hays, who has been calling the macro-market pretty well for a few years now.