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Gundlach Says Fed. Is Mistaken In How It's Ending Easing
All hail the grand poobah! Let us kiss the ring of the all-knowing poobah! Of course, his comments have NOTHING to do with his fund's asset base shrinking. A little more than a year ago, I heard the him say, rather matter-of-factly, the 'Fed should just end QE'. Now he is saying they should NOT end QE. I guess it only matters when his own ox is being gored.
Good or bad, QE is here. It only seems logical that eventually the economy will have to be weaned off stimulus. Better a little at a time, than all at once, or so it would seem. And with the deficit dropping, the 'tapering' might be less in actual dollars of bonds purchased, but it may be a very amount in relation to the deficit then and now.
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Good or bad, QE is here. It only seems logical that eventually the economy will have to be weaned off stimulus. Better a little at a time, than all at once, or so it would seem. And with the deficit dropping, the 'tapering' might be less in actual dollars of bonds purchased, but it may be a very amount in relation to the deficit then and now.
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