Midnight Candles
By Bill Gross October 27, 2009With the Fed likely to keep rates uncommonly low for the foreseeable future even as the economy recovers, PIMCO's co-CIO Bill Gross says investors must recognize that if assets appreciate with nominal GDP, a 4% to 5% return is about all they can expect. As such, the six month rally in risk assets has probably reached its pinnacle.
Doo-Doo Economics
By Bill Gross October 1, 2009After analyzing the Californian economy, PIMCO's Bill Gross says the state's problems – highlighted by its leaders' lack of discipline and vision – are really America's and thus investors should continue to focus on high quality bonds and steady, dividend-paying stocks.
On the “Course” to a New Normal
By Bill Gross September 1, 2009PIMCO CIO Bill Gross sticks to his, um, golfing, and says globally, rates will remain low, investors should continue to anticipate and "shake hands" with government policies, the dollar is vulnerable and Asian and Asian-connected economies will dominate global growth.
Investment Potions
By Bill Gross July 29, 2009PIMCO's chief investment officer says reflating nominal GDP by inflating asset prices is the fundamental, yet infrequently acknowledged, goal of policymakers. If they can do that - and it's a big if - then employment and economic stability may ultimately follow.
“Bon” or “Non” Appétit?
By Bill Gross July 1, 2009Bill Gross says that although financial markets are seemingly calmed and an inventory-based recovery is in store, PIMCO is sticking with its “new normal” thesis that includes slower growth, narrower profit margins and smaller asset returns.
Staying rich in the new normal
By Bill Gross June 5, 2009PIMCO CIO Bill Gross says bond investors should focus on the front end of the yield curve, dollar holders should diversify and all investors should expect “considerably” lower rates of return.
2 + 2 = 4
By Bill Gross May 4, 2009Listening to the ghost of Bernard Baruch whisper "2+2=4," PIMCO's Bill Gross says redistribution and re-regulation will lead to slower economic growth, and risk will "not likely" be rewarded until the global economy stabilizes and the Obama administration's efforts take hold.
The Future of Investing: Evolution or Revolution?
By Bill Gross March 31, 2009The dollar, credit, equity and emerging markets are likely to do poorly as the long-term cycle of levering, deregulation and globalization reverse, says PIMCO CIO Bill Gross in his latest outlook. Investors should favor stable income as opposed to speculative growth.
Hairy Lips Sink Ships
By Bill Gross February 24, 2009In a virtual Q&A before Congress, PIMCO's Bill Gross analyzes the economic mess and suggests U.S. and global financial systems require credit creation and foreclosure prevention, not bank nationalization. He maintains his investment theme of buying agency mortgages, and other developing areas of government policy support in the credit markets.
Beep Beep!
By Bill Gross January 29, 2009Bill Gross, PIMCO's CIO, says the way to pull the economy out of its Wile E. Coyote recession is to support asset prices - easier said than done, he admits – such as muni bonds, CMBS and even investment grade corporate bonds.
Andrew Mellon vs. Bailout Nation
By Bill Gross January 8, 2009PIMCO's Bill Gross says investors would be wise to follow the government's lead and buy agency-backed mortgages, bank preferred stocks, and senior bank debt, Aaa asset-backed securities such as credit card, student loan, and auto receivables, as well as municipal bonds.
Dow 5,000 Redux
By Bill Gross December 2, 2008PIMCO CIO Bill Gross says among other things, investors must get used to more regulation, lower leverage and higher taxes. As such, better to own corporate bonds than corporate stocks.
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