Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That's where they want to go.
More Quotes from Bill Gross:
if those people are holders of government bonds based upon a benign outlook for inflation, they had better cash some of them in, especially at today's 4.0 yield for 10-year Treasuries.Bill Gross
Inflation and deflation in this levered world coexist nearly side-by-side,
Bill Gross
It's a very delicate balance.
Bill Gross
Human nature means that institutions at some point lose their sense of mission. That sense of vulnerability drives Pimco.
Bill Gross
That is not to say that long government bonds won't go up in price if the 'system' suffers some elimination, slower growth, or to be frank, a recession in 2006,
Bill Gross
They will cut until they reach the point that the average consumer finally cries 'uncle' and starts to take on risk.
Bill Gross
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