Bill Gross Archive

Gross misunderstandings continue

He’s completely lost it: US Is in Even Worse Shape Financially Than Greece: Gross By Jeff Cox June 13 (CNBC) — When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco’s ...Read More

Duh…

Fed’s QE2 Failed to Boost U.S. Spending, Pimco’s El-Erian Says: Tom Keene By John Detrixhe and Tom Keene June 2 (Bloomberg) — The Federal Reserve’s quantitative easing policy failed to meet the “ultimate objective” of boosting employment and economic growth, said Mohamed El-Erian , chief executive officer at Pacific Investment Management Co. ...Read More

latest from PIMCO

[Skip to the end] Some of governments’ mystery money showed up in sovereign budgets funded by debt sold to investors, but more of it showed up on central bank balance sheets as a result of check writing that required no money at all. The US govt never has nor doesn’t have dollars. ...Read More

PIMCO’S Gross proposes tax increase

[Skip to the end] Raise taxes with unemployment rising due to a shortage in aggregate demand? Just in case you thought the great marketer understood the monetary system: Pimco’s Gross: Maybe Obama Should RAISE Taxes By: JeeYeon Park June 3 (CNBC) — Inflation is likely three to five years down the road, ...Read More