"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Pimco Sells Off All Its Treasuries
The Fed is scheduled to complete its purchases of $600 billion of Treasuries in June. Gross said investors should look at the end of June as if it were D-Day, since both bond and equity markets have been artificially inflated by Fed chief Ben Bernanke's money-printing.
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