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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: clinto eastwood who wrote (2199)8/13/2006 7:09:12 AM
From: c.hinton  Respond to of 50722
 
from bill gross of pimco
"that this bond bull market will be the last; that history, as almost all active bond managers have known it since 1981, will come to an end a few years hence. Whether it bottoms at yield points lower than reached in 2003 is not really forecastable at this point; nor is the claim that this will be the last bull bond market a realistic one.Like Fukuyama’s book title, it’s more of a headline-grabber than a truism. The important idea is that such a forecast speaks to eventual reflation, inflation, and declining bond prices sometime out there in 2009 and far beyond as the U.S. seeks to address its enormous future liabilities concentrated in social security, healthcare, and foreign holdings of U.S. bonds."
pimco.com
and also from pimco...
pimco.com