Bill Gross
Bill Gross
William Hunt "Bill" Grossis an American financial manager and author. He co-founded Pacific Investment Management. Gross also ran PIMCO's $270.0 billion Total Return Fund. Gross left Pimco to join Janus on September 26, 2014...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth13 April 1944
CountryUnited States of America
dollars sanity creditors
Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries.
wife wives-love newspapers
Whenever I read the newspaper, I say to myself, 'At least my wife loves me.'
government-debt movement boat
With all this consumer debt, business debt, government debt, smaller movements in interest rates have a magnified effect. a small movement can tip the boat.
expanding neighbor
What we're doing is kind of expanding upon the neighbor concept.
bonds few weeks
I like bonds better than I did a few weeks ago.
bonds government price recession slower suffers
That is not to say that long government bonds won't go up in price if the 'system' suffers some elimination, slower growth, or to be frank, a recession in 2006,
academic against asked assets bonds critically currency curve cushion expected face fed financial foreign funds global higher hold investors lower might next positive potential price recent rely requiring rise seat short theory variable yields
If Fed Funds were expected to rise in the future, the curve would be positive with intermediate and long bonds requiring higher yields as a cushion against accelerating short rates. If the Fed were expected to lower rates, a flatter, even inverted curve might result. It's not that this academic theory has been dislodged in recent years but it may have been asked to take a seat next to the increasingly important variable of global financial flows. These flows, no doubt, rely critically on the willingness of foreign investors to hold U.S. assets in the face of potential currency and asset price depreciation.
areas assets avoidance begin bond bullish carries combined curve dominate finally greenspan high include therefore towards
A bullish orientation towards the front-end of the curve therefore should begin to dominate bond strategies, combined with an avoidance of anything that carries those low-risk premiums that Greenspan finally diagnosed, ... Those assets include real estate, equities, high yield, corporate, and some areas of emerging-market debt.
bond days salad
There's little doubt...that the bond market's salad days are over,
easing economy effect fairly fed keeps market stock strong transmit wealth
As long as the stock market does what it does, and keeps going up, the wealth effect is going to transmit into a fairly strong U.S. economy and preclude the Fed from easing rates,
disparate hope increasing market opinions therefore
This is a market of disparate opinions and therefore increasing opportunities for those who get it right. We hope to be one.
investment markets prosper states ultimately united
Investment markets in the United States will not ultimately prosper under such an increasingly odorous environment.
approaches close fair market means needs percent yield
The market needs to yield close to 3.5 percent before it approaches fair value, and that means Dow 5,000,
environment turn unstable
a very unstable environment which can turn any minute.