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."
Yup.

2 comments:

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

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

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