Believe & Have Faith.

!PROFILE

Josias Goh
22nd June 1992
Football is my life

!WISHLIST

World Peace
A levels to be over

!INTERVIEWS

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!HISTORY

!GOAL

6P'04
Amanda
Belinda
Bernice
Caritas
Clarice
Edmond
Jiamin
Pei Qi
Sibyl
Wynne
Yarlee
Yin Shuen
Yueli
Yun Ting

!&Tuesday, November 02, 2010

Wow saw this comment.
"Have sent you the original of this- Bill Gross manages PIMCO the world's largest bond fund in the world. Since zero interest rates is doing nothing for the US, they are actually trying to reflate the economy by flooding the nation with newly minted $$. In other words....get this..it is trying to use inflation as a tool! They can do it becos the US$ is a reserve currency and alot of their creditors are foreigners ie Japan and China...just pay them in fast depreciating $$....Many Asian countries are pegged to the US$ tho and are being dragged down with it...there is also a danger of a currency war ...many of my counterparts in Asia are complaining about rising prices including properties & other asset classes. In the US, seems to be going back into the stock markets....which was the start of the original problem....hang onto your seat....'

posted @ 3:05 PM

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