Pimco

Punishing the Ant, Rewarding the Grasshopper

One of the more perverse features of the bailout/ rescue/ stimulus plan is the fact that ultra-low rates are doing a great deal of damage to senior citizens and those who have been saving responsibly and coninue to attempt to do so.

Droppin' Knowledge: Pimco Poetry

Pimco’s Bill Gross channels The Bard in his monthly missive, but also makes some interesting points on the current state of the markets. Here’s his intro: A cold wind from the future blows into my nighttime bedroom, more often than not during those midnight hours when fear dominates and hope retreats to a netherworld. This…

Hot Links: Buffett & The Bikers

Stuff I’m Reading this Morning… Whistleblower Harry Markopolos says Credit Default Swap fraud will top the Madoff ponzi.  (Clusterstock) Warren Buffett‘s latest op-ed just went up, it’s called The Greenback Effect.  (NYT) Don’t look up, private equity firms are about to drop some REIT IPO’s on us.  Sold to you.  (DealBook) Chinese pig farmers speculating…

About That Public-Private Fund For Retail Investors…

Disclaimer:  My commentary below is strictly a relaying of publicly-available news from major publications.  I have absolutely no interest in being responsible for anyone’s investments who reads this website without doing their own homework. OK, I had to satiate the gods of regulation.  Now that it’s just us adults, I thought I’d discuss yesterday’s news…

Droppin' Knowledge: Bill Gross on the Aftermath of Engorgement

PIMCO’s Bill Gross has his July commentary up on the web and his perspective is, as always, no-nonsense and interesting.  He begins by graphically describing the circumstances that led to the obesity-related death of a baseball umpire as his set up: “Kill the umpire,” the fan cried to open the 1996 baseball season in Cincinnati, and…

Market Recap: Sunshine Day for Sears

[youtube= http://www.youtube.com/watch?v=c6wTY37EvQI] The Reformed Broker, AKA Sam the Butcher, here with today’s Market Recap… Holders of Sears Holdings (SHLD) can celebrate like the Brady’s today in the above video: “Put on your Sunday best kids, we’re going to Sears!” – Mike Brady The retailer without a purpose came out this morning with an unexpected profit, albeit one…

This Just In: Over 100 Applicants for PPIP

Treasury Announces Receipt of Applications to Become Fund Managers under Public Private Investment Program Washington, DC — The Treasury Department today announced the receipt of more than 100 unique applications from potential fund managers interested in participating in the Legacy Securities portion of the Public Private Investment Program (PPIP).  A variety of institutions applied, including…

Creating a Bailout Army of Retail Investors

I’m actually OK with this one.  If the taxpayers are going to be on the hook for the losses, they should get a crack at the upside, too (hopefully there will be an upside). And if that opportunity comes in the form of retail funds created by quality organizations like the Pimco‘s and the BlackRock‘s…so…