Wonderful monthly letter by Pimco’s Bill Gross talking about the relationship of credit and asset prices with his pig example. Essentially he’s expecting headwinds for the stock markets with the removal of liquidity and thus credit by the Fed for the coming year. Asset prices are dependent on credit expansion or in some cases credit […]

Great monthly commentary out by Bill Gross of Pimco, and he’s made a couple points that are definitely worth mentioning. And here’s a rather incredible kicker to this theoretical comparison. The U.S. economy – thanks to the Fed – has been operating a 1 trillion dollar share buyback program nearly every year since late 2008, […]