muses of the moment

September 30, 2014

Pimco

Filed under: Bailout Nation, Global Debt, Odds 'n ends, The Federal Reserve — totallygroovygirlfriday @ 12:48 pm

groovygirl is keeping an eye on the outflow of funds from PIMCO. 12% now? Click here.

The number is not necessarily the issue. The issue is why pull money just because Gross left? Doesn’t sound right. Something else happening. And if it’s happening at PIMCO, is it a bond market problem. The government can solve a PIMCO problem. The government can not solve a systemic bond market problem. What is it? Don’t know. Have to wait and see. Is this a global issue? And where are the funds going? Stocks? Cash? Overseas?

 

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