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QE “Quicksand” Puts Bernanke In A Corner, Says PIMCO’S Gross

Tuesday, June 11, 2013 - 3:15 PM
From The Daily Ticker of Yahoo! Finance:
[Bill] Gross has three main sticking points in his argument against QE:

1. Low interest rates discourage investment and “capitalism as we know it doesn’t function as well,” he says.

2. Small savers are disadvantaged and consumption is limited.

3. Business models that operate on a spread – such as banks, insurance companies and investment management firms – “can no longer generate sufficient carry” and are forced to close branches and lay off employees as margins tighten and profitability falls.

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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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