BILL GROSS HAS INSIDE INFO ON THE FEDERAL RESERVE MEETINGS

Our understanding is that the Fed is about to downgrade their forecast from 3% down to 2%." At which point the CNBC anchors conveniently confirm that Mr. Gross just disclosed something which is completely non-public: "We don't have that forecast yet, right Steve?.. We won't get that for 3 weeks Erin that's when it comes out with the minutes of this meeting." Well, we won't, but Mr. Gross, who manages $1.2 trillion in debt, almost as much as the entire Federal Reserve, sure seems to already have access to it.