PIMCO is a highly-regarded bond fund. Their CEO recently posted a tweet on the US economy (above).
Just friggin' wonderful.
HT: Legal Insurrection
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Wisconsin native. "The true soldier fights not because he hates what is in front of him, but because he loves what is behind him."--GKC "Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton "The only objective of Liberty is Life" --G K Chesterton "A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling
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1 comment:
I think Bill Gross penned the term "new normal". Either way, not good news from the most powerful bond traders in the world.
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