Pimco’s Bill Gross: USA is Giant ‘Ponzi’ Scheme

There is little bit of steel in everybody's life. There is little bit of ponzi in everybody's life. Ponzi is the steel of financial world to some extent.
 
Only a success if unemployment drops below 5% and the US avoids double digit inflation for the next ten years.

Until then you don't really know.

Of course, rising asset prices means there are some winners, and Bernanke kept his job, so definitely a success for him personally.
 
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