Ron Paul Ruins a Great Economic Rant, Being Seriously Wrong on One Key Point
Excerpt from: Ron Paul Ruins a Great Economic Rant, Being Seriously Wrong on One Key Point
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Excerpt from: Ron Paul Ruins a Great Economic Rant, Being Seriously Wrong on One Key Point
Reuters reports Pimco’s Gross: Low interest rates may persist for decades Bill Gross, manager of The Pimco Total Return Fund, said on Wednesday that the global economy may be facing low policy rates for decades. Gross wrote in his October investment outlook that investors should "bet against" expectations that the federal funds rate – the U.S. Federal Reserve’s benchmark short-term borrowing rate – will rise by one percentage point by late 2015
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