explanade
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 10, 2008
- Messages
- 7,457
Says QE and the zero interest rate has caused tepid growth:
Pimco's Gross Skewers Bernanke: You're Part of the Problem
He concedes that fiscal failure isn't helping, he claims the inability to get a decent return may be hampering investment, job creation, etc.
So making the cost of capital historically low is making it less likely for corporations to invest? It's not the lack of aggregate demand but the fact that money is cheap?
Could this rant have something to do with the fact that zero interest rates have suppressed yields in the fixed-income business from which PIMCO makes its money?
Pimco's Gross Skewers Bernanke: You're Part of the Problem
He concedes that fiscal failure isn't helping, he claims the inability to get a decent return may be hampering investment, job creation, etc.
So making the cost of capital historically low is making it less likely for corporations to invest? It's not the lack of aggregate demand but the fact that money is cheap?
Could this rant have something to do with the fact that zero interest rates have suppressed yields in the fixed-income business from which PIMCO makes its money?