Bill Gross founded Pacific Investment Management Company in 1971 and built it into one of the world’s largest fixed income managers. The company has more than $750bn of assets under management and is now an independent unit of Allianz, the German financial services group, which bought the bond manager in 2000.
The 63-year-old author of Everything [...]

the video is from yesterday http://www.cnbc.com/id/15840232?vide  and he sees the 3 handle on the long rates  next year.
 

Eli Broad, a billionaire businessman, has given away more than $650 million over the last five years, to Harvard and the Massachusetts Institute of Technology to establish a medical research institute, to the Los Angeles County Museum of Art and to programs to improve the administration of urban schools and public education.
The rich are giving [...]

Bill Gross, widely considered the king of the American bond market, says a Federal Reserve rate cut won’t solve mounting mortgage problems. Instead, the billionaire credit-markets guru is asking President George Bush to step in and bail out homeowners who can’t pay their bills.
The call comes as Wall Street clamors for the Federal Reserve to [...]