tag:blogger.com,1999:blog-6630104052002496191.post7436993452151029478..comments2024-02-25T08:33:45.942+00:00Comments on Reality Lenses: Pimco's McCulley's disturbing 2001 market commentarypejhttp://www.blogger.com/profile/10958133367017526690noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6630104052002496191.post-10870814069718283122009-06-24T18:54:11.643+01:002009-06-24T18:54:11.643+01:00Reminds me of the "Investors' Yachts"...Reminds me of the "Investors' Yachts" story:<br /><br />a story from the past when an investor was being wooed by an investment banking house who showed them all the trappings of their wealth and a tour of the bankers' yachts. Their idea was to make him feel secure about placing his money with them. However, he investor asked the salient question, "Where are the investors' yachts?" There you have it.pejhttps://www.blogger.com/profile/10958133367017526690noreply@blogger.comtag:blogger.com,1999:blog-6630104052002496191.post-66138723752685790242009-06-24T16:52:45.252+01:002009-06-24T16:52:45.252+01:00Not all that evil to be applying skill and fiducia...Not all that evil to be applying skill and fiduciary care for the benefit of many millions of investor's pension & retirement accounts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6630104052002496191.post-42266784571654879322009-06-22T21:48:46.603+01:002009-06-22T21:48:46.603+01:00Well, it's exactly as you say. But the fact th...Well, it's exactly as you say. But the fact that PIMCO is knowlingly trying to make profit out of people's misery is what I would call "evil". <br /><br />You might also want to have a look at this post: <a href="http://realitylenses.blogspot.com/2008/10/what-bill-gross-wants-bill-gross-gets.html" rel="nofollow">What Bill Gross Wants, Bill Gross Gets</a><br /><br />As for Krugman being an idiot, it simply the fact that he still believes in Keynesian B.S. which has been proven many times by history that it doesn't work and only spreads fiscal and economic disasters.pejhttps://www.blogger.com/profile/10958133367017526690noreply@blogger.comtag:blogger.com,1999:blog-6630104052002496191.post-47416463889081765642009-06-22T17:22:31.165+01:002009-06-22T17:22:31.165+01:00Um, doesn't it look like PIMCO just took advan...Um, doesn't it look like PIMCO just took advantage of the facts on the ground, rather than being a cause of the problem?<br /><br />Why is Krugman an idiot?Anonymousnoreply@blogger.com