Re: Bill Gtross Predicts Low Inflation
Bill liked TIPS before his rampage on CPI, when money markets were paying sub 1% rates, and the tips yield was higher than it is today.
Bills made a lot of predictions that havent come true (yet) like the dow dropping to 5000. He's also made a hell of a lot of money in bonds and cash instruments, so I'm all ears to him when he's not talking about equities.
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.