"Gross: Risk markets at risk as monetary bag of tricks empties"
Hang on a minute.
Do you mean to tell me that the recovery all these shills and charlatans on CNBC and Bloomberg have been crowing about is a facade? Does Bill mean to say that the Fed is the impotent Wizard of Oz behind the curtain, that the whole thing has been a monetary magic show?
In turn, am I to believe that the smart money, Ivy league MBA, 2+2=6 crowd knows this? I mean they're the smart money aren't they? They're
These financial genius types surely wouldn't be
They would never be invested in a fundamentally deteriorating market with the risk skewed horribly to the downside. I mean surely those that tried this during the dotcom bubble- those that knew the field was a field of mines yet still ventured in chasing bonus's- and yet again in the liar loan, NINJA mortgage fueled housing bubble have been drummed out of the business. (Ha ha if you think this then you don't know Irvin Goldman of JPM (formerly Cantor Fitz) or the Lehman or Bear genius's relocated on Wall St.)
They had to have learned from the dotcom and housing bubbles there are never enough seats as there is ego to go around, not matter what daddy told them about how smart and special they are in between tennis and golf lessons at the club.
I have surmised in the past the those in the know, know the ship is in big trouble and are stealing anything not nailed down before it sinks. I have indicated that the Fed and Treasury's machinations are only a stay of execution of the mathematical inevitable. Actually Bill Gross could have replaced the phrase monetary bag of tricks with Ponzi tactics collapse.
Or as I said in my own twitter post Jun 19
#GlobalPonzi u ignore bond yields, job mkt, 4closures & debt levels, all that matters is #Fed easing which, sans #MBA, =yet more suckers"
In a Ponzi scheme and to those Ponzi worshippers, whose incomes & bonus depend on the ponzi continuing, a bag of tricks is all that matters. Its simply cloaked in official sounding phrases like "don't fight the Fed" & "quantitative easing" to gain respectability.