PIMpCO Attempts Another Taxpayer ****
“Having grown accustomed to a housing market aided and abetted by Uncle Sam, the habit cannot be broken by going cold turkey into the camp of private lending,” Gross wrote. “Taxpayers would be protected through tight regulation, adequate down payments, and an insurance fund bolstered by a 50- 75 basis point fee attached to each and every mortgage.”
Uh huh. And why does Bill Gross think this? He doesn’t have any sort of personal interest in this in the form of concentration of risk that he bought in front of his recommendation, does he?
Oh wait – he does!
Gross increased the $239.3 billion Total Return Fund’s holdings of mortgage debt to 18 percent in July from 16 percent the month before, the most since September, according to Pimco’s website.
Yep. Now admittedly, 16 -> 18% isn’t a very big increase. But why would you own any of these instruments if you think they’re over-priced – and if you think yields would move up 300-400 basis points, or damn near a double, you clearly believe that.
Well the answer to that should be obvious: Bill once again thinks he can strong-arm Treasury and/or Congress into paying him – again – with your money.
Gross wrote the “cost would be enormous in terms of yields,” which could rise 300 basis points to 400 basis points, “crippling any hopes of a housing-led revival to the economy.”
Guess what? There won’t be any housing-led recovery anyway. How do I know? Because the asset class that is in a bubble and pops is never the one that leads the economy back out when things finally turn around.
The reason for that should be obvious – people aren’t dumb enough to get burned in the same piece of idiocy twice.
(They are, however, stupid enough to get burned with an entirely-different scam, which we see time and time again, all formed from the same fraudulent cloth and sold as “new and improved“!)
Congress and The American People need to tell Bill Gross to go whiz up a rope.
market-ticker.org/akcs-www?singlepost=2141858
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,819,565,583 |
| Stories: | 8,668,404 |
Whistler Blowers, Insiders
