Gross: “No Way Out” of the debt trap. We should pay higher taxes, too.
PIMCO’s Bill Gross came out on Monday with a declarative and lucid view of the US’ current dire economic and fiscal situation. The most important piece of advice offered by the Bond-King came in his strong suggestion that taxes should be higher and for corporations too. “I think high-income earners would work well into the … Read more
InvestorJabber: Marc Faber, Honest Dr. Gloom & Doom
His honest and brash criticism of President Obama not withstanding, Marc Faber deserves the center-stage for his matter-of-fact approach to the entire global recovery, especially his take on Treasuries. In the long-run, for sure US Treasurys and most government bonds are a suicidal investment. But as a shorter-term timeframe, and I think for the next … Read more
Ladies and Gentlemen, I give you…QE2
Fed to Buy Extra $600 Billion of Treasuries to Boost Growth The number was widely expected. The reaction from Wall Street mixed. But at the close of trading on Wednesday, the equity markets spoke for themselves and all indices closed the day higher; the Dow having reached its highest level in two-years at 11,215 and … Read more
