Wednesday, July 11, 2012

Higher Unemployment A Year From Now -- Pimco's Gross

Just a matter of time.
Federal Reserve policies are progressively having less impact, and by this time next year we'll see unemployment higher than today's 8.2 percent, Pimco co-founder Bill Gross told CNBC's "Street Signs" on Wednesday.

While the Fed could cut interest rates on reserves or adopt quantitative easing - whereby the Fed buys financial assets to inject a more money into the economy - among other policies, Gross said "interest rates are close to rock bottom at the front end of the curve and there's little the Fed can do there."


  1. Check out GI-157 on the north dakota geology site. It sums up the potential for the Tyler pretty nicely.

    1. Yes, I've linked that before. Just a matter of time.