Flip Flopper?

The Almighty Bill Gross of Pimco has flip flopped on the direction of interest rates for the second time this month.

Flip Flopper

The Almighty Bill Gross of Pimco has flip flopped on the direction of interest rates for the second time this month.

I can feel Mr. Gross’ pain. At this point predicting the direction of interest rates is like flipping a coin. The global economy is roaring on all engines – a case for higher interest rates. At the same time, we are walking on a subprime, weaker housing, leveraged-consumer mine field.  I am so glad that I am not in the interest rates prediction business.

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