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 ;)

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