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

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

Rating:Gross Tackles Fiscal Policy Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, January 04, 2013

Gross Tackles Fiscal Policy

News summary by MFWire's editors

Last week was the new year, a very important demarcation for people looking to lose weight, quit biting their fingernails or start training for a marathon.

More important for those of us covering mutual funds, though, was the turning over of a new month, an important demarcation for people who love to read Pimco [profile] guru Bill Gross' investment outlooks!

This month's piece, called "Money for Nothin': Writing Checks for Free," is a take on US fiscal policy, specifically the idea of printing more money to prevent inflation.
It was Milton Friedman, not Ben Bernanke, who first made reference to dropping money from helicopters in order to prevent deflation. Bernanke’s now famous “helicopter speech” in 2002, however, was no less enthusiastically supportive of the concept ... “Like gold,” he said, “U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.”
One thing is missing from this month's outlook that MFWire particularly looks forward too: literary or cultural references. Sadly, no Moby Dick allusions this month.

The article is available here, or can be downloaded as a podcast for those of you who want listen to the dulcet tones of Mr. Gross. 

Edited by: Ben Geier


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