Tuesday, December 7, 2010

In the US, We're All Allentowners Now

Bill Gross, Pimco Asset Management
We’re all Allentowners now. Granted, 90% of the workforce is still reporting for work on time, but our standard of living, our confidence in the future – we’re standing in line in Allentown. Lost in the policy debate surrounding the elections and the subsequent demonization of the Federal Reserve’s Quantitative Easing (“QE2”) policies has been any recognition of why we no longer live on Ronald Reagan’s shining hill or how we might possibly reclaim higher ground. There are two fundamental explanations:

Source: http://www.realclearpolitics.com/2010/12/07/in_the_us_we039re_all_allentowners_now_246928.html

John McCain John McCain John Thune Johnny Isakson Jon Kyl

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