U.S. Must Buy Assets to Prevent `Tsunami,' Gross Says
"Unchecked, it can turn a campfire into a forest fire, a mild asset bear market into a destructive financial tsunami,'' Gross said. "If we are to prevent a continuing asset and debt liquidation of near historic proportions, we will require policies that open up the balance sheet of the U.S. Treasury.''
http://www.bloomberg.com/apps/news?pid=20601087&sid=aZLLPW9YEa60&refer=home
From Information Clearing House
http://www.bloomberg.com/apps/news?pid=20601087&sid=aZLLPW9YEa60&refer=home
From Information Clearing House
rudkla - 5. Sep, 22:12
