"But ultimately," Gross says, "if the Fed has to do those sorts of things ... that's a perversion of capitalism as I know it and it would not be conducive to the long-term health of the economy."
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Bearmove...
Good post - thanks.
I very much agree with Gross' statement quoted above, but would also note that with the market intervention that we have recently seen, the Fed has already embarked on that course. Over the long term that will prove to have been a mistake, in my opinion.
mlsoft
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