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

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

Rating:Gross Goes on Wacky Political Tirade Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, November 01, 2012

Gross Goes on Wacky Political Tirade

News summary by MFWire's editors

Bill Gross did it again. In his latest letter, the Pimco founder and co-chief investment officer launched a colorful, breathless tirade on the Election, two-party politics and them pesky SuperPAC’s.

He pulled out all the stops in this one, writing about Genies, Flavor Flav, donkeys, elephants and caramel corn among other things, according to BusinessInsider.

His point? Such as it is: the American presidential elections are bought.
Obama/Romney, Romney/Obama – the most important election of our lifetime? Fact is they’re all the same – bought and paid for with the same money.
He was even inspired to rewrite the Pledge of Allegiance.
I pledge allegiance to the flag of the fragmented state of America, and to the plutocracy for which now it stands, a red and blue nation, under financial gods indistinguishable, with liberty and justice for the 1(%).
Oh yeah, he remembered to include some points about investing, essentially arguing that Bernanke’s plans aren’t delivering the goods.
In the past three years of quantitative easing and financial repression, can we see a noticeable effect on investment as opposed to consumption.

Surely by now, if the Bernanke model was as advertised, we would be seeing a pickup in investment as a percentage of GDP and a willingness to start saving “seed corn” as opposed to eating “caramel corn.
If you want a ride on Gross’ Magical Mystery Political Tour, go to BusinessInsider.  

Edited by: Tommy Fernandez

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

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q2Q1
2019: Q4Q3Q2Q1
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use