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Former Fed President: "Living In Constant Fear Of Market Reaction Is Not How You Manage Central Bank Policy"

In the past three months, former Dallas Fed president (before he was replaced with a former Goldman M&A banker) and current Barclays senior advisor, has not minced his words when it comes to his ongoing criticism of the Fed.

Back in January Fisher said (what even Liesman has now suggested) that "We Frontloaded A Tremendous Market Rally" and there is "No Ammo Left", followed by a second appearance earlier this month when he said that the Fed "Injected Cocaine And Heroin Into The System To Create A Wealth Effect."

World’s Largest Asset Manager Likes “Inflation Linked Bonds and Gold As Diversifiers”

World’s Largest Asset Manager Likes “Inflation Linked Bonds and Gold As Diversifiers”

BlackRock Inc. have joined Pacific Investment Management Co. (PIMCO) in recommending inflation linked bonds and gold, warning costs are poised to pick up and there is a growing risk of inflation.

“We like inflation-linked bonds and gold as diversifiers” said New York-based BlackRock which is the world’s largest asset manager, managing $4.6 trillion, reported Bloomberg.

 

 

Gross To Central Banks: "Get Global Growth Moving Now, Or Else"

Bill Gross is out with his latest investment outlook and it's quite the entertaining read.

Why, Gross wants to know, would anyone invest in safe haven assets (like bunds) that yield less than zero, thus locking in a guaranteed loss at maturity? The answer: investors aren't familiar enough with ancient Greece.

Read below for the details and for more on why central bankers had better get global growth and trade moving - "or else."

From "Zeno's Paradox," by Bill Gross

Frontrunning: March 30

  • Bad News Is Great News: Cautious Yellen drives world stocks near 2016 peaks (Reuters)
  • Yellen Spurs Global Stock Rally as Oil Rebounds, Dollar Tumbles (BBG)
  • Trump drops pledge to back Republican presidential nominee other than himself (Reuters)
  • Second judge says Clinton email setup may have been in 'bad faith' (Reuters)
  • Brussels Airport Remains Shut as Police Hunt Third Attacker (BBG)
  • Europe Traders Aren't Waiting Around to See If Rebound Holds (BBG)
  • Western Digital Bond Sale Is Test for Junk Market (WSJ)

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