PIMCO’s Bill Gross says that America must focus on helping its laborers if it wants to help the economy — and Wall Street. “Long-term profits cannot ultimately grow unless they are partnered with near equal benefits for labor,” Gross writes in his latest investment outlook. “Washington, London, Berlin and yes, even Beijing must accept this [...]
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Tag Archives: Bill Gross
Gross: Fed Policies May Be Destroying Credit, Not Creating It
September 7, 2011
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The Federal Reserve has for the past few years maintained a low interest rate policy in order to make credit easier to obtain and growth easier to come by. But PIMCO’s Bill Gross says that policy — and the Fed’s announcement that it will continue it for the next two years — may be having [...]
Read moreGross: International Love Affairs on The Rocks
September 2, 2011
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PIMCO’s Bill Gross says several deteriorating international relationships are having a big impact on the investment landscape. In his latest investment commentary, Gross looks at three areas with on-the-rocks “love affairs”: the Eurozone, where some nations are having to pick up the slack for others that are languishing; the U.S., where tensions are increasing between [...]
Read morePass Debt Ceiling and Start Jobs Agency, Gross Says
July 19, 2011
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PIMCO’s Bill Gross says the U.S. needs to pass debt ceiling legislation, and develop a government-directed investment bank that helps put people to work. “It’s what’s required during periods of time in which unemployment is high and the private sector refuses to invest going forward in the capital markets and in capital spending,” Gross tells [...]
Read moreGross On The Deficit, and Big Blue Chips
May 27, 2011
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PIMCO’s Bill Gross says he doesn’t think the U.S. will seriously tackle its deficit issues until the 2012 presidential election, and says blue-chip U.S. stocks are a “much more attractive” alternative to Treasuries based on their current yields. “It’s obvious that both Democrats and Republicans want to address the problems with spending and, yes, want [...]
Read moreGross: Entitlements Must Be Reformed
April 7, 2011
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PIMCO Co-Chief Investment officer Bill Gross says that if the U.S. doesn’t reform entitlement programs like Medicare and Social Security and/or raise taxes, it will default on its debts — though not in the traditional sense of “defaulting”. “Without attacking entitlements — Medicare, Medicaid and Social Security — we are smelling $1 trillion deficits as [...]
Read moreGross on Unemployment, Inflation
March 7, 2011
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PIMCO’s Bill Gross says he sees the beginnings of a rebound in “animal spirits” in the U.S., with loan activity starting to increase. But he tells Bloomberg that the trend of U.S. companies investing capital overseas is a longer-term drag on the domestic economy. Gross also discusses how much of the current unemployment situation is [...]
Read moreGross: “Exorcise” Treasuries from Portfolios
February 2, 2011
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With the U.S. and many other governments giving bondholders and savers “haircuts” by keeping real interest rates so low, PIMCO’s Bill Gross says it may be time to for investors to “exorcise” U.S. Treasuries from their portfolios. “To rebalance debt loads and re-equitize financial institutions that should have known better, central banks and policymakers are [...]
Read moreRoundtable: Gabelli, Gross, Faber, and Others Weigh In
January 26, 2011
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Barron’s recently published the first part of its annual roundtable, with ten strategists — including Bill Gross, Mario Gabelli, Abby Joseph Cohen, and Marc Faber — offering their takes on what to expect in 2011. Overall, the strategists offered a bifurcated view, with most seeing good times for the economy and stock market in the [...]
Read moreGross: Debt Has Consequences
January 12, 2011
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PIMCO’s Bill Gross says Americans are not realizing the impact the country’s debt burden will have, and says stock investors should be looking elsewhere for strong returns. “The American hegemon knows no limits, it seems, when it comes to spending other people’s money for their own consumption,” Gross writes in his latest Investment Outlook on [...]
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