The junkie’s dilemma, whether we’re talking about crystal meth, heroin or cheap credit, is that the spiral of addiction inevitably overwhelms any reasonable judgment about what constitutes a “cure.” That is precisely why a junkie can never be relied upon to offer up an honest, sensible path to good health. No matter what treatment or plan is offered, the only goal is to get the supply to the beast... at all costs. Today, Gross let the freak out. And the plan is simply to open up the government's balance sheet to the beast...at all costs.
Pimco’s Gross Lets The Freak Out
by Kevin Depew
Minyanville Sep. 4 2008
Closely related, one way or another:
Fed, ECB Must Switch Off Life Support
by Mark Gilbert
Bloomberg Sep. 4 2008
There’s a Bull Market Somewhere?
by Bill Gross
Pimpco (not a typo) Investment Outlook Sep. 2008
Greenspan Helped Pimco Make Billions, Gross Says
by Sree Vidya Bhaktavatsalam
Bloomberg May 21 2008
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