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By Bill Gross |
May 1, 2013
The past decade has proved that houses were merely homes and not ATM machines. They were not “good as money.” Likewise, the Fed’s modern day liquid wealth creations may suffer a similar fate at a future bubbled price.
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By Bill Gross |
April 3, 2013
Investors should be judged on their ability to adapt to different epochs, not cycles. An epoch may be 40-50 years in time, perhaps longer.
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By Bill Gross |
March 4, 2013
"But how do we know when irrational exuberance has unduly escalated asset values?" Alan Greenspan coined this now famous phrase in the midst of what turned out to be a fairly rationally priced stock market in late 1996. But what about now?
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By Bill Gross |
February 1, 2013
They say that time is money. What they don’t say is that money may be running out of time.
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By Bill Gross |
January 3, 2013
It was Milton Friedman, not Ben Bernanke, who first made reference to dropping money from helicopters in order to prevent deflation. Bernanke’s now famous “helicopter speech” in 2002, however, was no less enthusiastically supportive of the concept.
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By Bill Gross |
December 4, 2012
Well, I guess that settles it: you didn’t build that after all. Or maybe you did, but not all of it. Or maybe like the convoluted John Lennon above “you think you know a yes, but it’s all wrong. That is you think you disagree.”
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By Bill Gross |
November 2, 2012
Obama/Romney, Romney/Obama – the most important election of our lifetime? Fact is they’re all the same – bought and paid for with the same money. The era of financial repression continues.
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By Bill Gross |
October 2, 2012
Studies by the CBO, IMF and BIS (when averaged) suggest that we need to cut spending or raise taxes by 11% of GDP and rather quickly over the next five to 10 years.
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By Bill Gross |
September 5, 2012
The age of credit expansion which led to double-digit portfolio returns is over. The age of inflation is upon us, which typically provides a headwind, not a tailwind, to securities price – both stocks and bonds.
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By Bill Gross |
August 1, 2012
The cult of equity is dying. Like a once bright green aspen turning to subtle shades of yellow then red in the Colorado fall, investors’ impressions of “stocks for the long run” or any run have mellowed
