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
Tuesday, March 23, 2010
PIMCO's Take on the US Economy
PIMCO is a highly-regarded bond fund. Their CEO recently posted a tweet on the US economy (above).
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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