PIMCO Founder To Deficit-Obsessed Congress: Get Back To Reality by Brian Beutler

Bill Gross is saying what Bernanke and other are arguing: stimulus now, mid-term deficit reduction later. Hopefully if the economy continues in the doldrums Bernanke will do QE3.

(via Krugman)


Maybe Gross is admitting he was wrong about rates shooting up once QE2 ends.