Inaction is a weapon of mass destruction....

Tuesday, January 25, 2005

Bonds, Booms and Bubbles

Paul McCulley of Pimco (the worlds biggest and baddest bond fund) comments on the recent FOMC (Federal Open Market Committee) meeting - when the director of Pimco thinks there is a asset bubble in progress, you should really listen. Too many people are saying the same thing these days... not really looking forward to the next few years economy-wise.

On a side note - the letter is very easy to read for a layperson. You don't need a degree in financial economics to understand his views. (but it probably helps ;)

InvestorsInsight.com

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