Something Evil This Way Comes – Real Soon Now!

Wednesday, April 13, 2011
By Paul Martin

The Federal Reserve and the Monkey Wrench Gang

By Mike Endres

The Federal Reserve and the Monkey Wrench Gang
You may now stop singing and dancing and playing around. The party is about to be over and I’ll be glad to be a party pooper and tell you why.

The Federal Reserve is about to pull the plug on money pumping. The signs of this non-action (when one stops doing something, it’s a non-action, right?) have been laid out in plain text tablets from on high and even plainer actions everywhere this week and last.

Straws in the Wind:
Bill Gross, an extremely smart fellow and boss of PIMCO, the largest bond fund in the world has cast two votes against U.S. Treasury debt. First, a few weeks ago, in his weekly newsletter, he plainly stated that PIMCO was not going to hang around with a “wait and see” attitude as far as QEII ending, maybe QEIII, maybe not. So he sold every last Treasury Bond he had in his voluminous inventory. Boom.. Just like that.

The Rest…HERE

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