Wednesday, March 2, 2011

Who Will Buy Treasuries When The Fed Stops?

This is the scariest chart I have seen in a long, long time! And the politicians continue to do little but dither in DC!



From the just-out Bill Gross march letter, the PIMCO chief asks: Who will buy Treasuries when the Fed stops?

His answer: He doesn't know.

But at the graphic makes clear, there's a pretty huge hole to fill.