by the self-declared clever Bill Gross, he cannot mask himself a failed liar.
Look at these two statements in the article:
1. "The past era can best be described as a more than half-century build up in credit extension and levered finance."
2. "There will come a time, however, perhaps over the next few weeks or months, when deleveraging of the private sector is met by the leveraging up of the government sectors: the TARP, CPFF, and MMIFF will inject over a trillion dollars of liquidity into the system over a short period of time."
Dead giveaway. If I were a cop, I would smash the perps head to the desk and yell "Where the f*** did you bury the hooker you son of a *****. Who says lying is easy.
( Also, never mind that several days after the article: a) the 700B gameplan has changed and b) the whole thing is a drop in the bucket of deflationary ocean. )
The right enemy
5 years ago