Tuesday, 3 May 2011

Treasuries Are on a Collision Course With Inflation

Bill Gross, PIMCO
The Gross household is a robe-wearing household – at least on the distaff side. Sue has a closet full of them, all white, and is thrilled each and every Christmas with a new white one under the tree. Go figure. I on the other hand am a little more casual about nighttime attire, a habit I picked up or at least observed during my Navy years in the South China Sea. But I am getting ahead of myself. Back in 1969, yours truly was a lowly ensign whose responsibility among other things was to substitute for the captain when he was sleeping. Vietnam era captains couldn’t...

Source: http://www.realclearpolitics.com/2011/05/03/treasuries_are_on_a_collision_course_with_inflation_254832.html

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