Pimco is the largest mutual fund in the world and last month they dumped all of their positions in US Treasuries. If you’re a zombie in Obama-land you probably took no notice. But if you pay attention to the facts of the economy, you were probably not surprised. In this interview Bill Gross explains why inflation is on the horizon and how it affects the bond market. If you are living on a fixed income, this is very bad news for you as your costs will be going up, but your income will not.
And if you voted for the Obama-Fuhrer, I do not feel any sympathy for you, because this is what we all warned you about. The economic policies of the liberals are a shell game. In the end, all shell games do is to take your money and leave you broke.
