| Year-to-year foreign holdings of US Treasuries are up 287 billion.
Gross' Total Return Fund had its' worse quarter(April-June) since inception -1987. Thanks to the Fed, July was a good month. But what July giveth, August is taking.
The Fed is part of the problem, but not the problem. The problem is a nation of people who are unwilling to curb their government's spending.
But I get it. Keep banging that Fed drum. No one wants to hear the truth. |