All Eyes On Jackson Hole: Will Bernanke Bring Another Blockbuster?
The entire world is speculating on a small set of words Bernanke will speak this week in Jackson Hole. While this has not been an important week in the past, Bernanke decided to use this forum to announce QE2 and Operation Twist during 2010 and 2011, which has now turned the venue into a rock concert for the financial markets. It is incredible that the world has come to this, but there is no doubting the power of Bernanke's words and actions.
Bill Gross, manager of the largest bond fund in the world, discusses what he sees coming from Jackson Hole, the ECB, and how it will impact the markets moving forward.