• 12 Jan 2011 at 12:25 PM

Bill Gross Elaborates On His “US Policy Makers Are Praying Mantises Having Sex With Us And Then Biting Our Heads Off” Metaphor

By Bess Levin

“I used the praying mantis metaphor in my recent investment outlook pointing out that there are consequences for mindless political thrusting and Washington spending policies.We as Americans eventually lose our heads the way a male mantis does in the process of reproduction. Americans’ answer to a bulging deficit seems always to be manana. Debt commission recommendations are always dead on arrival, bipartisan compromises result in no tax increases for anyone and an increase in $500 to $800 billion in the fiscal deficit. The point is the current and future generations of American mantises, male or female, will pay for this in terms of a price. They pay for in a number of ways. One in terms of dollar depreciation going forward. And two in terms of lower real wages and lower real interest rates, which are a cost for investors.”

Comments (4)

  1. 1
    Posted by Beard | January 12, 2011 at 5:54 PM

    Whatever, Sire Cantaloupe with Hair. By the way, the map behind you is inaccurate.

    -Beard

    CC: Bald

  2. 2
    Posted by Anonymous | January 12, 2011 at 6:09 PM

    Mindless political thrusting? bulging deficits? I think Bill is taking his metaphor a tad too far.

  3. 3
    Posted by Warren Buffett | January 12, 2011 at 8:37 PM

    He’s really hitting it well…

  4. 4
    Posted by Sphodromantis "Stick" Viridis | January 12, 2011 at 9:01 PM

    Alright Bess, I’m ready for you. Let’s do this.

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