Published by clickbroker.blogspot.com.
I couldn’t believe what I was hearing on CNBC during the 2:00 PM Wednesday FOMC announcement pregame show. Bill Gross (PIMCO) called for Bernanke to specify a hyper-extended period of time for extraordinary low interest rates. Gross wants the Federal Reserve to add so much confidence to the carry trade that junk bonds and other toxic assets will form a new bubble.
Bill Gross cries for a Guaranteed Carry Trade
Mother Merrill spawns Big Brother Merrill Edge
Published by clickbroker.blogspot.com.
Is spawn the right verb for Bank of America’s (BAC) new online brokerage called Merrill Edge? This implies a new creation. Bloomberg’s “Schwab, Ameritrade, E*Trade Drop on Merrill's Plan” quotes a Raymond James (RJF) research note: “We believe this is simply a re-branding of Bank of America’s existing online brokerage.”
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