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
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.
economy economy-and-economics opposed percent time
What it suggests this time is a 2 percent economy in 2006, as opposed to a recession.
economy economy-and-economics slower telling
It is telling us that we have a slower economy ahead.
almost appears case domestic due ease economy economy-and-economics eventual fed gross growth later less near percent point product rate reach slowing stop sure time
By the time 10-year and 2-year Treasuries reach parity, as is almost the case now, the economy is typically slowing and the Fed is at or near the end of its tightening cycle, ... We are due for what appears to be a 2 percent or less Gross Domestic Product growth rate in 2006, a rate sure to stop the Fed and to induce eventual ease at some point later in the year.
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.
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.
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thoughtful, secular approach to the chairmanship, focused on the long-term evolution of the U.S. and the global economy.
economy economy-and-economics
I think ... that the economy is declining,
sure year
I'm sure it's going to take us a year or two, but it's in the works.
coexist deflation inflation nearly
Inflation and deflation in this levered world coexist nearly side-by-side,
almost dividends equity excess high obtain race return returns start stocks
Stocks historically return more than almost all other alternative investments but only when priced right when the race begins, ... If you start from day one with P/Es too high or, importantly, dividends too low, you will not obtain equity returns in excess of bonds.
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,
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.