International Investing

You might excuse Bill Gross’s recent “taxes aren’t high enough” rant as politicking. Perhaps he was trying to draw attention away from his own obscene wealth while maintaining the free market principles that brought him such riches. He wouldn’t be the first person to say that people aren’t paying enough in taxes and neglecting to write the Treasury department a check to make up for his own perceived short coming.

It’s harder to explain away his recent call to have George Bush bail out the housing market:

“Write some checks, bail ‘em out, prevent a destructive housing deflation that (Fed Chairman) Ben Bernanke is unable to do. After all ‘W’, you’re ‘the Decider,’ aren’t you?” Gross wrote.
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Gross made a handful of policy recommendations for the White House, including creating an agency to coordinate bailouts or aid for homeowners and making adjustments in the government’s Federal Housing Authority program.