James Pethokoukis

Washington’s Ponzi scheme is getting worse. Thanks, Bernanke!

October 27, 2010

PIMCO’s Bill Gross puts out a particularly good market letter this month. A few key obervations:

Bill Gross and America’s ‘New Normal’

September 3, 2009

Pimco’s Bill Gross paints a dreary future is his monthly letter:

We are heading into what we call the New Normal, which is a period of time in which economies grow very slowly as opposed to growing like weeds, the way children do; in which profits are relatively static; in which the government plays a significant role in terms of deficits and reregulation and control of the economy; in which the consumer stops shopping until he drops and begins, as they do in Japan (to be a little ghoulish), starts saving to the grave.