I’d Rate Bernanke a 9 Out of 10 for Job: Bill Gross

bill gross photoQuotes:

“He’s gone through the Twist.”

“He’s communicated that policy rates are gonna stay stable for the next two or three years. Perhaps there’s a quantitative easing down the road as well over the next few months. He’s elevated stock prices from very low levels. He’s produced an economy that’s 2 percent to 3 percent in terms of real growth.”

“you can’t really go much further than that, and I think he’s being frustrated at this point because you simply can’t drop interest rates any lower than zero.”