Excellent Bill Gross Quote...

[HedgefundTrader2]

Quote from NTB:

``It's a sad testament to think the Fed has to cut interest rates eight days in front of a meeting to salvage the equity markets,'' said Gross, the founder and chief investment officer of Pacific Investment Management Co., in a Bloomberg Television interview. ``The U.S. economy is in a rather sad state of affairs in that it depends on housing and stock prices to keep going.''


I think that sums it up nicely...

Pathetic commnents.

Is Fed not supposed to cut rates and run our nations monetary policy ? It shows lots of wisdom on Fed's part. Why blame the economy on Feds and housing on Feds? Its the US consumer that stopped buying real estate. When the US consumer freezez like a deer in the headlights nothing works man. Nothing.