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
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,
five housing prices
Americans now know that housing prices can go down and they can go down by 10, 20, 30, and in some cases, 40 or 50 percent. We know they can go down. But five years ago, we thought they could only go up.
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.
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.
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.
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.
bonds few weeks
I like bonds better than I did a few weeks ago.
inflation view views
I view him favorably, especially his views on inflation targeting,
economy economy-and-economics opposed percent time
What it suggests this time is a 2 percent economy in 2006, as opposed to a recession.
acres completing
We've been completing about 300 to 400 acres a day, which is actually a lot.
attorney city valley
Even our attorney in Valley City is a volunteer.