Video: Bill Gross on Operation Twist and Obama’s Job Plan

Bill Gross has been vocal about his dissatisfaction with the FED’s plan to twist maturities from the short to the long end of the yield curve. He provides some excellent insight into the potential ineffectiveness of the idea and discusses the President’s job proposal.

Sept. 8 (Bloomberg) — Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., talks about the impact of the Federal Reserve’s asset purchases on credit creation and the outlook for financial market reaction to President Barack Obama’s speech on job creation tonight before a joint session of Congress. Keene and New York University professor and Nobel laureate Michael Spence speak with Tom Keene on Bloomberg Television’s “Surveillance Midday.” (Source: Bloomberg)