PIMCO's Bill Gross buying U.S. Treasuries as protection against deflation

Filed under: Forecasts, Recession, Financial Crisis

The U.S. Federal Reserve's quantitative easing and Congress' record $786 billion fiscal stimulus package run the risk of re-igniting inflation, in the interpretation of the inflation hawks. But not PIMCO's Bill Gross: he's concerned about deflation.

Gross, who heads the world's largest bond fund, said he's buying longer-maturity U.S. Treasuries as protection against deflation, Bloomberg News reported Tuesday.

Continue reading PIMCO's Bill Gross buying U.S. Treasuries as protection against deflation

PIMCO's Bill Gross buying U.S. Treasuries as protection against deflation originally appeared on BloggingStocks on Tue, 29 Sep 2009 17:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Full story at http://www.pheedcontent.com/click.phdo?i=c5816e94856b97bda3217f9d0f682c6a