http://finance.yahoo.com/tech-ticker/article/23878/Bill-Gross-Lies-Damn-Lies-and-Government-Inflation-Data?tickers=PTTAX,ING,^SPX,SPY,TLT PIMCO’s Bill Gross says in this short article/video that “If the financial markets were to “readjust” to actual inflation, the stock market would lose 10% of its value and the bond market 5%.” But, don’t you think the markets have to some extent already priced in “true” inflation? Where do you think we’re at today? Discuss. ps. Doesn’t Bill Gross look a lot like John Holmes?
If he curled his hair a little then yes.
I really like those 2 guys on yahoo. The guy on the left is a great talking head as far as talking heads go.