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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (11123)4/1/2004 10:05:58 PM
From: mishedlo  Read Replies (2) of 110194
 
OK Russ, I know you have praised McCully before and so have I. In fact I said I generally agreed with him but did not agree with Gross. Sometimes it seems like these guys are on different planets. Here goes....

McCulley
I have zero problems with what the Fed has been doing. The world desperately needs reflation and the Fed is reflating, openly and forcefully, with a falling dollar transmitting the reflationary impulse to the rest of the world. Bravo!

That sure as H does not sound like Gross!
Not even sure I would say "bravo" to be honest. I do understand the viewpoint and have been playing it big time.

At any rate, I would like to hear your comments on the entire article. I am guessing McCulley dropped a couple notches in your viewpoint.

pimco.com

Mish
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