The Tweet Of The Day For QE3

PIMCO's Bill Gross just

the big news of the day. Gross said that the next Jackson Hole meeting, which is scheduled for August, will likely hint at a third round of quantitative easing, as well as interest rate caps. Yesterday, I discussed a

of a third round of quantitative easing yesterday and how it would play out. Looks like I was right, just the dates were wrong.