Bill Gross on Escape From a Debt Crisis

It has not been easy to find a candid observation of the condition of many economies around the world, and the debt problems that are now strangling us, that has any glimmer of optimism. But optimism is beginning to shine through the rare crack in a pragmatist's armor. Here is a link to Bill Gross' recent Outlook where he writes on the possibility of Keynesian policy successfully replacing the loss of widely available private sector credit. IMHO, Bill Gross can be the essential pragmatist. There is a risk he may also feel the need to be political or simply self serving, so I take his words with a little caution.

Individual Currency Charts Replace the DXY Chart

The DXY index represents a bucket of six currencies weighted as follows... the Euro 57.6%, Yen 13.6%, Sterling 11.9%, Canadian Dollar 9.1%, Swedish Krona 4.2%, and Swiss Franc 3.6%. This design was created by J.P. Morgan in 1973.

Bill Gross Makes It Clear

The monthly Investment Outlook from Bill Gross has been on my reading list for a long time. He is insightful and I think his letters are sometimes candid enough to be helpful. He walks the line of a politician too and so at other times that creates a dense fog in his writing. This month is called "The Ring of Fire" and I highly recommend it. I also recommend skimming quickly over the first couple of paragraphs to get past the monthly self-adulation.