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
chaotic cheap either financial foreign higher lower pay perhaps rising spending standard
Either way, ... we pay the price: higher import costs, a cutback in spending on cheap foreign goods, rising inflation, perhaps chaotic financial markets, a lower standard of living.
bring cost customer customers high lower works
This works because merchants have a high cost of customer acquisition, and we lower it, ... We bring them customers with their wallets open.
great high time
It's not a great time for high yield.
costs energy higher increase interest plus rates risk
Higher energy costs plus higher interest rates increase the risk of recession.
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.
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.
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.
damn kidney
When you have kidney stones, you don't give much of a damn about the view,
books bush cut far history paltry percentage point program second tax term unlikely
Without a blockbuster of a program in his second term it is unlikely that Bush can go very far in the history books on the back of a paltry 3 or 4 percentage point tax cut for the rich.
benign inflation
We think that inflation will be benign and may come down from these levels.
bubbles created debt environment past point potential risk several turn unstable
Too much debt, geopolitical risk and several bubbles have created a very unstable environment which can turn any minute, ... More than any point in the past 20 or 30 years, there's potential for a reversal.
beginning extent months negative outlook
To the extent that they're at the beginning of their cycle, much as we were 12 months ago, that suggests a negative outlook for their bonds.
rates
It's sort of like a teeter-totter; when interest rates go down, prices go up.
delivering investors obsessed personal
I am obsessed with delivering value to investors and winning the game from a personal standpoint.