Tuesday, April 26, 2011

Money Illusionn or How the Government Really Gets In Your Pocket

Bill Gross of Pimco the manager of the largest bond fund in the world has recently ( and rightly) been ranting about Washington and the failure to deal with the US debt buildup. Most recently Pimco has discussed the stock market and "money illusion".  I wrote a short note on what he meant. Available here: 

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