European Tribune - Comments - European Salon de News, Discussion et Klatsch

European Salon de News, Discussion et Klatsch - 26 January | 98 comments (98 topical, 0 editorial, 0 hidden)

You cannot accuse Pimco of pushing austerity, I don't think.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker

by Migeru (migeru at eurotrib dot com) on Thu Jan 26th, 2012 at 11:09:22 AM EST
[ Parent ]

Re: Europe (none / 1)

Pimco have been very inconsistent, like many analysts and ratings agencies...

Here's one example, it gets worse the further back you go...

http://articles.businessinsider.com/2011-06-13/markets/30099802_1_uk-government-spending-economic-gr owth

Bill Gross has been particularly weird, swinging from suggesting the USA had a debt problem and was going to "collapse like Greece" a year ago or so to now signing up for Keynes...

The inconsistency has been fatal because they've always provided right-wing politicians with just enough cover to continue with austerity.

by Metatone (metatone [a|t] gmail (dot) com) on Thu Jan 26th, 2012 at 11:25:02 AM EST
[ Parent ]

Re: Europe (none / 0)

Metatone:

Pimco have been very inconsistent, like many analysts and ratings agencies...

Making money of volatile prices?

A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!

by A swedish kind of death on Thu Jan 26th, 2012 at 11:52:09 AM EST
[ Parent ]

European Salon de News, Discussion et Klatsch - 26 January | 98 comments (98 topical, 0 editorial, 0 hidden)

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