Bill Gross: On the "Course" to a New Normal

[dcollon]

Thought some of you might enjoy this if you haven't read it already.

 

http://media.pimco-global.com/pdfs/pdf/IO%20Sept%2009%20WEB.pdf?WT.cg_n=PIMCO-US&WT.ti=IO%20Sept%2009%20WEB.pdf

 

[Liberty]

http://oraclefromomaha.wordpress.com/2014/03/08/standardized-faulty-thinking-bad-assumptions/

 

Good piece on a basic mistake that Gross made when he called the 'death of equities', comparing GDP growth to stock market returns (comparing a flow variable with a stock one).

[Rabbitisrich]

He has made some economic arguments of questionable merit. Liberty mentioned one. More significantly, Gross sold treasuries apparently using a model that treated demand for treasuries as something distinct from trade and dollar demand. Then, he recently tweeted that China could weaken its currency by selling treasuries. And yet his record is exceptional over a multi-decade span.

[DTEJD1997]

  On 3/8/2014 at 9:02 PM, Rabbitisrich said:

He has made some economic arguments of questionable merit... And yet his record is exceptional over a multi-decade span.

 

I would rather be lucky than good!

[sethatk]

 

Wonder if there is more to this under the surface.

 

http://www.independent.ie/business/world/investors-closely-monitoring-pimco-after-internal-strife-30082042.html

 

[Guest]

Perhaps Gross is starting to suffer from "crazy cat lady" syndrome? It really is a mental issue and the technical term is Toxoplasmosis.

 

http://buzz.money.cnn.com/2014/04/03/bill-gross-cat-pimco/

[Guest ajc]

 

The latest investment outlook from Bill Gross. On sneezing and neutral policy rates, I think.

 

http://www.pimco.com/EN/Insights/Pages/Achoo.aspx#

 

 

 

[PatientCheetah]

he could be right - not sure how inflation can suddenly spike

 

1) slowing china

2) energy prices are range bound due to higher US production

3) Both U.S. and Europe are suffering from underemployment, particularly in the low end