SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: UncleBigs4/1/2006 11:00:52 AM
  Read Replies (1) of 110194
 
I can't figure out why McCulley would advocate inflationist policies as a bond manager. I would think a bond manager is most concerned with earning a safe, real after-tax return on capital.

I frankly think Pimco is a bunch of crooks and thieves. They have high fees and give bad advice. I remember when fed funds was at 1% and the 5 yr. treasury at 3%, Bill Gross was advocating the purchase of 5 yr. treasuries and rolling down the maturity curve providing a boost to returns.

2 years later, those 5 yr. treasuries at 3% look like a pretty damn bad investment.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News