Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Gross: 'We Have Met Mr. Ponzi and He is Us' Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, January 09, 2009

Gross: 'We Have Met Mr. Ponzi and He is Us'

Reported by Neil Anderson, Managing Editor

"Shake hands with the government ... Anticipate, then buy what they buy, only do it first." PIMCO superstar Bill Gross gives out those suggestions and more in his latest investment outlook column. In the process, he also worries that the entire U.S. economy became one giant Bernie Madoff scheme and that our "bailout nation" will have consequences.

For you history buffs, here's one sidenote. Gross cites a now-famous quotation attributed Depression-era Treasury Secretary Andrew Mellon: "Liquidate labor, liquidate stocks, liquidate the farmers -- purge the rottenness from the system." The quote makes for nice fodder in the midst of the seemingly eternal bailout debates, with just one small glitch: the quote may be at best apocryphal and at worst, unfair and unrepresentative (see University of Missouri - St. Louis economics professor Lawrence H. White's thoughts on the matter.) 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use