QE3.
Bill Gross, Jeffrey Gundlach, and Dan Fuss, who collectively manage around $1.5 trillion, all agree that QE3 will eventually happen, according to a report from Bloomberg.
“Should the stock market keep going down, it will be a portent of weaker economic data,” said Gundlach, whose $22.8 billion DoubleLine Total Return Bond Fund (DBLTX) outperformed 99 percent of peers last year. “It will happen and when it does you will start to hear about more support programs.”
With some of the top members of the bond industry saying they expect further easing, it becomes diffcult to argue against them.
Gross also states that he expects easing to last until after the election or until the unemployment rate falls significantly.
Read Why Morgan Stanley's Reinhart Thinks The Odds Of QE3 Have Diminished >
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See Also:
- RICHARD RUSSELL: Fiat Money Will Collapse, The Barter System Will Be King, Crime And Violence Will Surge
- EL-ERIAN: Here's Why Central Banks Can't Save The Economy
- MARKETS ARE SURGING, DOW UP 160
