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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (75314)2/27/2008 8:19:31 AM
From: SouthFloridaGuy  Read Replies (1) of 116555
 
I bet PIMCO is in trouble. It's very difficult to manage that sort of money, beat the indices, and not have gotten caught up in the exotics. My firm manages a sliver of what PIMCO manages and even we have trouble providing 'alpha'.

As far as government policy to avert the crisis. First, we're in crisis, second the best way to avert crisis is to implement policies to avoid it in the first place.

First order of business is to either abolish the Fed and/or go back to the Gold Standard.

There is nothing the government can do which will have an immediate impact. Tighter lending is a cyclical phenomenon and it usually lasts 3-4 years. Lending became restrictive November 2007 so look for banks to be more liberal with their dollars sometime toward Obama's relection campaign.

The Berkeley liberal in me would ban guns and have universal healthcare, but that's saved for another debate, another day <g>.
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