Gross Expects Apology From Yellen But Apparently Not From Summers

HFA Padded
Mark Melin
Published on
Updated on

With the stock market down significantly today, erasing much of Wednesday’s market jubilation over the apparent success of the U.S. Federal Reserve rate hike, Janus Capital’s Bill Gross is laying into Fed Chair Janet Yellen and he expects an apology. One wonders if he will hold his stated thought compatriot Larry Summers to the same standard for derivatives misdeeds? Gross holds Yellen and Keynesian outlook responsible for all economic wows Arm chair quarterbacking can be so easy at times. When market performance is in the rear view mirror it is so easy to say “would have, should have, could have.” With…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.