Thursday, August 21, 2008
Bill Gross Frustrated the Same Day Russia Stormed Georgia: Coincidence?
This is what Pimco's Bill Gross said: *DJ Gross: Agency Spread Widening Doesn't Make Sense-Bloomberg TV (MORE TO FOLLOW) Dow Jones Newswires August 06, 2008 14:42 ET (18:42 GMT) Copyright (c) 2008 Dow Jones & Company, Inc.- - 02 42 PM EDT 08-06-08 Perhaps Russian investments in the U.S. have more influence in our markets than CNBC talking heads are reporting? POTC thinks so. Just consider the staggering amount of oil profits funneled through Russian hands in the last year with crude breaking through $100/barrel, and realize some of it bought U.S. agency paper, especially FRE and FNM. On August 6th, when Bill Gross said "agency spread widening doesn't make sense", it happened to be the day... ------------- If you would like to receive this and future posts and market analysis, please send an e-mail to Psychologyofthecall@gmail.com and make sure that your e-mail client will not consider messages from that address as spam.
Posted by The Call Team at 1:26 AM