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The Bernank vs. The Gross, Who Surrenders?

By Implode-Explode Heavy Industries

``Some of the warning signs that I enumerated in the February 5th report (reproduced below) have abated, but others have not. Foreign central banks are back at the Treasury auctions. That has helped to prevent a collapse in the Treasury market and has helped to keep the stock market fiddling while Athens, Dublin, Cairo and Tripoli burn. It?s notable that with all this support from the Fed and friends, the Treasury market has still been only flat. There are huge sellers out there. Who will surrender first, the Bernank or the [PIMCO's Bill] Gross? That?s the question. ''

Full post as published by Mortgage Lender Implode-o-Meter on February 22, 2011 (boomark / email).