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Savers are getting killed by no interest rates available in the market. He is no less wrong than the Federal Reserve saying that zero interest rate policy is go
by 6stringmerc 11y ago
Savers are getting killed by no interest rates available in the market. He is no less wrong than the Federal Reserve saying that zero interest rate policy is good for growth, or that their policies aren't responsible for bubbles, etc, etc, etc.
- pessimizer 11y agoThe Federal Reserve having an opinion about the economy that is different from yours has nothing to do with Bill Gross being factually incorrect in every prediction he has made about the economy since the recession, and performing badly. You don't get to distribute wrongness equally between supply-side and demand-side people; that's not how reason works.
- 6stringmerc 11y agoWhat you call opinion I call active decision making, and while Gross hasn't "predicted" well, neither has the Federal Reserve, thus they are equivalent, practically speaking, in their efficacy. They balance each other out. But sure, grind that axe against his perspectives all you want, I've got my own CFA Level 3 Asset Manager guy that I follow closely.