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: Greece
Siegel: ECB Should “Backstop” Debt; U.S. Should Wait on Austerity Measures
October 20, 2011
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Author and Wharton Professor Jeremy Siegel says that the European Central Bank should provide the liquidity needed to help the debt crisis in Europe, and that such a plan doesn’t need to involve a full bailout of Greece. Siegel says it could involve a multi-trillion-euro “backstop” of debt guarantees, and says that such a move [...]
Read moreThe Problems with Debt-to-GDP Ratios
July 22, 2011
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U.S. debt is climbing toward 100% of GDP — a figure that many are seeing as magic number that portends doom. But Yale Economist Robert Shiller says that logic is flawed — very flawed. “Could it be that people think that a country becomes insolvent when its debt exceeds 100% of GDP?” Shiller writes for [...]
Read moreHerro: Greece Won’t Drag the World Down
July 15, 2011
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While the market has been fretting over the debt situation in Greece, Morningstar Fund Manager of the Year David Herro says that, while Greece’s woes provide a cautionary tale, they won’t take down the global economy. “We do not believe Greece will stop, or even slow, the growth of global prosperity, which not only enhances [...]
Read moreRogers: Let Greece Fail
June 30, 2011
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Commodities guru Jim Rogers says that Europe should let Greece default on its debt, and that the U.S. Federal Reserve needs to stop printing money, or else risk creating another serious financial crisis. Rogers tells Bloomberg that history shows the longer one delays dealing with a debt crisis, the more trouble it creates. He opposes [...]
Read moreFisher: European Fears Overblown
May 28, 2010
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In his latest Forbes column, Kenneth Fisher says that fears about Europe’s debt problems are overblown, and that credit ratings agencies have only added to the hype. “It’s simply astounding, after all we’ve seen in recent decades, that anyone pays attention to credit ratings put out by the officially sanctioned rating agencies,” Fisher writes. “Moody’s [...]
Read morePaulsen Sees Declines as a Pause in Upward Trend
May 12, 2010
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Wells Capital Management’s James Paulsen tells Bloomberg that the Greece bailout removes the imminent risk from the European crisis, and lets investors focus on a nice global economic recovery. Following the market’s recent decline, Paulsen says investors now have an opportunity to get back into the market, or to increase their risk exposure. He adds, [...]
Read moreSonders Not Panicking
May 10, 2010
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Liz Ann Sonders, chief investment strategist at Charles Schwab, says the Greek debt crisis is much different in nature than the subprime mortgage crisis that pummeled U.S. markets in 2008, and says investors who’ve been sitting on the sidelines should use the recent market dip as a buying opportunity — if they have the stomach [...]
Read moreHerro Sees Dip as European Buying Opportunity
May 10, 2010
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David Herro, whose Oakmark International I fund has beaten 99% of its peers over the past 10 years and 98% of its peers over the past year, says the recent heating up of the Greek debt crisis hasn’t turned him off to European stocks. “They’re going to be impacted in the short term; in many [...]
Read moreEl-Erian on How the Greece Crisis Helps — and Hurts — the U.S.
May 6, 2010
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In an interview with CNBC, PIMCO CEO Mohamed El-Erian says the Greek debt contagion will cause investors will divert a good deal of money away from Europe and into the U.S. markets. But, he says it also means more risk aversion among investors, which means the capital diverted to the U.S. will most likely go [...]
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