Interesting snippits…
Gross also addressed the tax and budget debate in Washington, saying that corporations are paying too little in taxes compared to individuals. He said fixing the tax code would be helpful but only if it’s done right.
and when the biggest bond fund in the world has almost no holdings in US Treasury Bonds…
Pimco has shed nearly all its Treasury holdings, keeping only short term bills and dumping all of its longer-term notes.
Houston we have a problem.
