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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (18872)	4/26/2011 5:13:49 PM
From: DebtBomb	Respond to of 119360

For the record: QEII = Ponzi Scheme, Says Pimco. Yes, we get the point. QE2, the cruise ship-like moniker for the Federal Reserve’s money injection program, doesn’t have many fans. Least of all giant bond firm Pimco, which today again compared QE2 to a giant Ponzi scheme. Getty ImagesThis view, of course, also reflects the pounding Pimco and their bond ilk have taken from the Fed. Yields, or returns, on Treasury securities have been falling as the Fed has continued its massive bond-purchasing program. Pimco boss Bill Gross last fall first started comparing QE2 to a fraudulent Ponzi scheme, before he dumped U.S. government holdings from the world’s biggest bond fund. Today, it was the turn of Pimco marketing strategist and portfolio manager Anthony Crescenzi. In a piece titled, “The End of QEII: It’s Time to Make the Donuts,” Crescenzi wrote: blogs.wsj.com