In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Monday, October 06, 2008

Gross to Fed: Cut Rates to 1%, Buy Commercial Paper

by Calculated Risk on 10/06/2008 06:51:00 PM

From PIMCO's Bill Gross: Nothing to Fear but McFear Itself

[The Fed] must also take another bold step: outright purchases of commercial paper. They should also cut interest rates to 1%, because we are experiencing asset deflation, and the threat of headline inflation is long past.