Monday, July 28, 2008

Bill "Blow Them Up" Gross

Investment Outlook
Bill Gross | August 2008

Make no mistake, the current conundrum that must be solved is: how to make the price of 120 million U.S. barns stop going down in price and then to make them go up again. That, however, is easier said than done. One of the wisest men I know has this serious but admittedly impractical solution: have the government buy one million new/unoccupied homes, blow them up, and then start all over again. (Emphasis added.)

If it were practical, Bill Gross would advocate it.