Bill Gross: QE3 Is Coming in the Form of "Operation Twist" for the 2 Year

From Zero Hedge:

Bill Gross released a very troubling tweet earlier:

Gross: QE3 likely to take form of “extended period” language or interest rate caps on 2-3 year Treasuries

Why is it odd? Because as David Rosenberg predicted two weeks ago when he expected that Operation Twist could be coming back with the Fed "capping" the 10 Year, Bill Gross, who has Larry "Fed Expert Network" Meyer in his ear and thus knows better than most what is coming, is predicting some "Twisting" though not at the 10 Year mark, but at the very short end. This is very disturbing. Because as we suggested at the end of May, QE3 will in reality be Operation Twist 2...

This means that Rosie's prediction that "the Fed would basically lose control of its balance sheet" could be about to come true, and in fact be far worse than expected, because it would mean that not only is the Fed no longer able to control the 10 Year but is concerned about controlling the 2-3 Year sector, a place on the curve that the Fed chairman has typically never had much to worry about.

http://www.zerohedge.com/article/bill-gross-warning-operation-twist-coming-2-year