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.
curve dynamic economy front lower means normal point rates returning short trade ultimately yields
At some point down the road, in a dynamic economy such as the U.S., we should be returning to a more normal shape. That means ultimately short rates and the front end of the curve will trade at lower yields than long rates.
again banks bid central cutting early federal housing impart rate rest start
Central banks don't rest at one rate for long. If only to impart a bid to the U.S. housing market, they (the Federal Reserve) may have to start cutting again as early as the end of the year.
cliff december faster fiscal january less perhaps rate stimulate
It's going to be difficult to stimulate the real economy in the U.S. at a faster rate than 2 percent and perhaps even less if we have that fiscal cliff in December or January 2013.
costs energy higher increase interest plus rates risk
Higher energy costs plus higher interest rates increase the risk of recession.
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.
rates
It's sort of like a teeter-totter; when interest rates go down, prices go up.
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.
bonds few weeks
I like bonds better than I did a few weeks ago.