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
economy economy-and-economics
I think ... that the economy is declining,
ability astute depth economics fed financial function good political relationship understanding
He's very learned, very astute and well-spoken. He's demonstrated an ability to be political when necessary, which is a function of a good Fed chairman, and has demonstrated his depth of understanding of economics and the relationship between economics and financial markets.
bring certain chase coming economy economy-and-economics fed inflation keeps knows level rates shape terrible
The Fed knows that the economy is in terrible shape and that they must bring down short-term rates to the level of inflation. If inflation keeps coming down, the Fed, to a certain extent, has to chase inflation.
decent economy economy-and-economics fed housing late lower moves note opposed percent point starts value yield
If the economy slows down, if housing moves back down, then at some point late in 2006 the Fed starts to lower rates. That's why a 10-year note yield at 4.55 percent is a decent value as opposed to overvalued.
economy economy-and-economics slower telling
It is telling us that we have a slower economy ahead.
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,
bonds few weeks
I like bonds better than I did a few weeks ago.
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,
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,
environment turn unstable
a very unstable environment which can turn any minute.
brand sites
Sites don't like that; and big, and important sites won't participate because that siphons off their brand identity,
inflation view views
I view him favorably, especially his views on inflation targeting,