Latest from Pimco
July 21, 2009 at 14:44 PM EDT
[Skip to the end] What If? By Paul McCulley, Managing Director, PIMCO The whole world, it seems, is wrapped around the axle about exit strategies from putatively unsustainable policies: (1) the Fed’s bloated balance sheet, with some $800 billion of excess reserves sloshing ’round the banking system, in the context of an effective zero Fed funds rate; and [...]
