PIMCO bond guru Bill Gross says that the U.S. is currently offering the best of several bad options for bond investors. “It’s what we call the cleanest dirty shirt, and at the moment the cleanest dirty shirt is the United States,” Gross told CNBC’s Street Signs. ”It’s Treasurys, it’s those 1.75 percent 10-year Treasurys that are [...]
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Tag Archives: Bill Gross
Gross: Austerity Won’t Work
May 15, 2012
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PIMCO’s Bill Gross says that what is needed to fix the European debt crisis is growth and budget discipline — not mere austerity. “No, that doesn’t work,” Gross says of the austerity approach in an interview with the Associated Press. “Eliminating a budget deficit won’t produce growth. It really requires a delicate combination of growth [...]
Read moreTop Bond Managers Look for More QE
April 18, 2012
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Three top bond fund manager says that a weakening U.S. economy will lead the Federal Reserve to enact “QE3″ — another round of quantitative easing — and they are positioning their portfolios accordingly. “I just don’t think that we have a healthy fundamental foundation for the economy and therefore surprises are likely to be on [...]
Read moreGross: Zero-Bound Rates Will Cause Big Trouble
February 29, 2012
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PIMCO bond guru Bill Gross is reiterating his belief that zero-bound interest rates will become a major problem for the economy, and markets. “Books such as ‘Stocks for the Long Run’ or articles such as ‘Dow 36,000′ captured the public’s imagination much like a Montana to Jerry Rice pass that always seemed to clinch a [...]
Read moreGross vs. Cooperman on Treasurys
February 24, 2012
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Are Treasury bonds a good place to be, or quite dangerous? Two top strategists — Bill Gross and Leon Cooperman — have very different takes. Hedge fund guru Cooperman tells Bloomberg that Treasurys will be the worst place to put their money for the next three years. He says the Federal Reserve is trying to [...]
Read moreYardeni: Numbers Show “Old Normal” Reigns
February 21, 2012
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Strategist Ed Yardeni says that the “New Normal” scenario that has been promulgated by Bill Gross and PIMCO is off base — and says recent economic data proves it. “While Bill Gross sees a world full of new normals and paranormals, the old normal business cycle continues to show that it is still in gear,” [...]
Read moreGabelli, Gross on Where to Look in 2012
February 1, 2012
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Top value investor Mario Gabelli is high on stocks in the automobile, cloud computing, and snack food industries in 2012. Speaking as part of Barron’s 2012 Roundtable, Gabelli says big growth in auto sales in China, as well as an aging fleet of existing vehicles and the need for different types of trucks due to [...]
Read moreGross: “Great Risk” Ahead
January 10, 2012
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Heading into 2012, PIMCO’s Bill Gross sees a world of “fatter tails” and “great risk” for global economies and financial markets. “In the face of a delevering zero-bound interest rate world, investors must lower return expectations,” Gross writes in his latest commentary on PIMCO’s site. “2–5% for stocks, bonds and commodities are expected long term [...]
Read moreGross: Low Rates May Be Obstructing Recovery
December 19, 2011
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Could central banks’ near-zero interest rate policies actually be hampering growth rather than stimulating it? PIMCO’s Bill Gross says that may well be the case. In an op-ed piece for the Financial Times, Gross says that “Historically, central banks have comfortably relied on a model which dictates that lower and lower yields will stimulate aggregate [...]
Read moreGross & El-Erian See Weak Growth, and the Need for Gov’t Spending
October 28, 2011
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In a rare joint interview, PIMCO’s Mohamed El-Erian and Bill Gross say that the US will continue to experience slow growth because of structural problems with the economy, and that the public sector must step in and spend money in areas in which the private sector isn’t willing to do so. Gross tells WealthTrack’s Consuelo [...]
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