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
slam
In this kind of an environment, that's a slam dunk.
investment markets prosper states ultimately united
Investment markets in the United States will not ultimately prosper under such an increasingly odorous environment.
average consumer cries cut finally point reach starts until
They will cut until they reach the point that the average consumer finally cries 'uncle' and starts to take on risk.
great high time
It's not a great time for high yield.
believe
If you do believe 4% is the top,
believe continues curve economic flat indicative stop
If he continues to believe that a flat curve is indicative of economic weakness, the hand-off may be one in which we stop at 4.5 percent.
cracks falls housing
If housing cracks and falls hard, we've got a recession.
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.
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.
cautious hike
I'd say they hike with a cautious statement,
bonds few weeks
I like bonds better than I did a few weeks ago.
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The U.K. and almost all of Europe have erred in terms of believing that austerity, fiscal austerity in the short term, is the way to produce real growth. It is not. You've got to spend money.
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The market needs to yield close to 3.5 percent before it approaches fair value, and that means Dow 5,000,
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The major difference between us and Excite, for example, is that they work at only 12 participating merchants, who are paying Excite a transaction fee for every purchase, ... We are not holding the customer's data. It's on your PC; eWallet just passes it through to a site without us ever even seeing it.