Bill Gross Says U.S. Understates Inflation
Posted by on May 23rd, 2008 at 01:00am
[Technorati] Tag results for finance wrote an interesting post today on
Here’s a quick excerpt
The manager of the world’s largest bond fond, the Pimco Total Return Fund, says that the methodology the United States uses for calculating its inflation rates results in an understatement by roughly 100 basis points. This results in real GDP growth and real bond yields to be off by a similar amount. If the calculation was […]
Read the rest of this great post here
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