Pimco and Blackrock say QE3 on the way....

[achilles28]

Bill Gross, who runs the world’s biggest bond fund at Pimco, and Peter Fisher, head of fixed income at BlackRock, say the Federal Reserve is preparing measures to counter the slowdown...
http://www.bloomberg.com/news/2011-...my-is-running-at-stall-speed-fed-may-act.html

 

[intradaybill]

Quote from achilles28:

Bill Gross, who runs the world’s biggest bond fund at Pimco, and Peter Fisher, head of fixed income at BlackRock, say the Federal Reserve is preparing measures to counter the slowdown...
http://www.bloomberg.com/news/2011-...my-is-running-at-stall-speed-fed-may-act.html

Isn't this the guy who went short treasuries before they rallied?

 

[achilles28]

Quote from intradaybill:

Isn't this the guy who went short treasuries before they rallied?

lol Yea, with 1 Trillion AUM...

 

[intradaybill]

Quote from achilles28:

lol Yea, with 1 Trillion AUM...

I'm trying to locate some articles. If I recall correctly, he sold his treasury portfolio about $250 Billion worth and then he went short, that was a few months ago. Since then, he and his chief economist have been parading in news media forecasting the future distraction of USA. At the same time treasuries have been rallying. I believe even with QE3 treasuries will rally because this averts a future default. He probably missed this little detail.

I am not sure about his short position, if it is still open. Does anyone know?

 

[atticus]

QE3 will not happen. Perhaps they should watch a little C-SPAN.

 

[achilles28]

Quote from atticus:

QE3 will not happen. Perhaps they should watch a little C-SPAN.

How do you figure ?

 

[atticus]

Quote from achilles28:

How do you figure ?

Politically untenable.

 

[achilles28]

S&P down 20 points this hour...

 

[Larson]

The cat is out of the bag. More QE may be unable to counter the dismal economic statistics as macro fundamentals take hold. This tape is starting to look really ugly. We'll see.

 

[achilles28]

Quote from atticus:

Politically untenable.

Wasn't Tarp#1, #2, Maiden Lane#1, #2 and #3, QE#1 and #2 politically untenable as well?