Alan Greenspan, the former Federal Reserve chairman, has helped Pacific Investment Management Co. make “billions of dollars” in his role as a consultant, said Bill Gross, the bond manager’s co-chief investment officer.During a 30-minute discussion on banks several months before the global credit crisis, Greenspan’s “brilliance in terms of forecasting the potential for exactly what [...]
Investor Wilbur Ross has purchased $1 billion of beaten-down municipal bonds, a sign that some large investors are snapping up these investments after a recent selloff, taking advantage of the woes of a number of hedge funds that have been forced to sell to try to stay afloat. Investor Wilbur Ross has purchased $1 billion [...]
The United States economy is far from a depression; as a matter of fact, the media and a growing percentage of economists started using the “R” word only a few months ago. I do not expect to see a depression in my lifetime.
The US is a going concern and will remain so. Still, there are [...]
altough written in 1998 it seems to be a classic from undisputed “bond king”. He makes case for investing in bonds vs. equities as he expected decade of 98-08 to be a tough for equities. As it turns out bonds DID OUTPERFORM equities during this decade!
Bill Gross, founder and chief investment officer of PIMCO, the world’s largest family of bond funds with $746 billion in assets under management, believes that without government intervention, home prices could drop as much as 20 percent over the next two years. U.S. News spoke with Gross about what he thinks the government should do [...]
