[credit provider=”YouTube”] PIMCO’s Bill Gross is talking with Bloomberg TV’s Trish Regan and said he’s moved away from previous views that the Federal Reserve would step in and offer additional quantitative easing.”I don’t at the moment. I did listen intently at the press conference,” he said. “And the big three at […]
The Spanish Treasury auctioned €3.18 billion of 12-month and 18-month Treasury bills this morning. While borrowing costs surged at the auction, demand stayed strong. Markets rallied after the auction and Spanish 10-year yield fell on the news.
[credit provider=”Sam Ro, Business Insider” url=”http://www.businessinsider.com.au/author/sam-ro”] QE3.Bill Gross, Jeffrey Gundlach, and Dan Fuss, who collectively manage around $1.5 trillion, all agree that QE3 will eventually happen, according to a report from Bloomberg.
Just tweeted out by PIMCO.
PIMCO’s Bill Gross told CNBC that chatter over the Federal Reserve’s comments on further easing yesterday were “much ado about nothing or maybe much ado about a little,” downplaying risks that the Fed will not embark on another round of quantitative easing.
Bill Gross joins the chorus of people who are saying today that without more help from the central banks, markets are in big trouble.
At 10:10, this came form PIMCO’s twitter.
[credit provider=”Bloomberg TV” url=”http://www.bloomberg.com/video/80286516/”] The last few quarters have not been kind to bond King, Bill Gross and his fund PIMCO.For example, the PIMCO Total Return Fund, the largest bond fund in the world, was up 3.48% in November of 2011. That sounds OK, until you think about the fact […]
[credit provider=”Bloomberg TV” url=”http://www.bloomberg.com/video/87025764/”] The latest Bill Gross letter is out, and it’s all fairly subdued by his standards. He discusses what happens when interest rates can’t get any lower, and the rally in long-dated bonds finally comes to an end.The basic story he tells is that in a levering […]
PIMCO debuted its total return bond ETF (TRXT) on 3/1/2012. About 2 weeks have passed. The following shows how TRXT is compared with PIMCO Total Return Bond Fund Institutional (PTTRX):
[credit provider=”Bloomberg TV”] Bloomberg TV’s Betty Liu is an award winning journalist with experience covering markets from Hong Kong to New York City. Sure she looks totally relaxed on camera, but there’s no question that she is one serious lady.Here at Business Insider, we’ll give you a glimpse at her […]
Bill Gross doesn’t like to lead a flashy lifestyle, so sometimes its tough to know about the man behind PIMCO.
Bond fund giant PIMCO launched its highly anticipated Total Return ETF (TRXT) on Thursday, bringing to market an exchange-traded version of the mutual fund that has accumulated about $250 billion in assets since its debut in the 1980s. The new ETF is the most eagerly anticipated product launch of the […]
[credit provider=”Bloomberg TV” url=”http://www.bloomberg.com/video/87025764/”] Yesterday Leon Cooperman, founder of Omega Advisors, was on Bloomberg talking about how risky U.S. Treasuries are, since inflation could wipe out their investments. Cooperman described investing in Treasuries as a “confiscation of capital.” Instead, he pushed for investment in stocks.Now, PIMCO’s Bill Gross who called […]
[credit provider=”YouTube”] PIMCO co-founder Bill Gross is known by many to be the man that made bonds sexy.Most recently, he’s often sought out for advice from government officials after correctly calling the mortgage crisis and the dot com bubble.
[credit provider=”Bloomberg TV” url=”http://www.bloomberg.com/video/80286516/”] In a complex editorial published in the Financial Times this morning, PIMCO founder and co-CIO argues that the continued depression of interest rates on U.S. Treasury bills might not really be helping the economy.In fact, the indefinite extension of low rates could just be throwing the […]
[credit provider=”Flickr/Jdlasica” url=”http://www.flickr.com/photos/jdlasica/3757455800/sizes/z/in/photostream/”] In addition to being an amazing entrepreneur, Idealab founder Bill Gross is one of the best tweeters around.Unlike some me-me-me Twitter chatterboxes, who constantly tweet every little irrelevant witticism or observation that pops into their heads, Bill usually confines his Tweeting to what others have said.
[credit provider=”Bloomberg TV” url=”http://www.bloomberg.com/video/80286516/”] In his latest monthly letter, PIMCO’s Bill Gross has a long, philosophical-sounding discussion about credit, delevering, and the difficult task facing Bernanke.The money line is this paragraph at the end:
with some of the biggest names in finance: Scott Black of Delphi Management; Fred Hickey of The High-Tech Strategist; Abby Joseph Cohen of Goldman Sachs, Brian Rogers of T. Rowe Price, Marc Faber of The Gloom, Boom & Doom Report, Meryl Witmer of Eagle Capital Partners, Mario Gabelli of GAMCO […]
[credit provider=”flickr” url=”http://www.flickr.com/photos/garrettc/2406670919/sizes/l/”] As Greece inches toward default and the sufficiency of Europe’s EFSF bailout fund is called into question, everyone’s worst nightmares of Europe’s debt debacle escalating to a systemic crisis could be nearing reality.But that’s not all.
[credit provider=”Bloomberg TV”] Bill Gross famously missed much of the Treasury rally in 2011, but lately he’s been re-cranking up his bets on US debt.In an interview with Bloomberg TV, the PIMCO manager explained why he’s a bull right now:
[credit provider=”Sam Ro, Business Insider” url=”http://www.businessinsider.com.au/author/sam-ro”] Last Thursday, bond legend Jeffrey Gundlach gave his first presentation of 2012.During the Q&A, someone noted that a “competitor’s monthly letter is dour, gloomy as ever.” The person followed that by asking if Gundlach expected 2012 bond fund returns to be lousy.
Morningstar reported through the Wall Street Journal that PIMCO’s $244BN Total Return Fund (PTRRX) suffered the first outflow on its history last year. $5BN left the fund in 2011 including $1.4BN in December as investors soured on PIMCO’s mis-timed trades in U.S. government bonds.
[credit provider=”AP Images” url=”http://www.apimages.com/OneUp.aspx?st=k&kw=toronto%20stock%20exchange&showact=results&sort=relevance&intv=None&sh=10&kwstyle=and&adte=1323872638&pagez=60&cfasstyle=AND&rids=1374fa9cb1e0da11af9f0014c2589dfb&dbm=PY2000&page=1&xslt=1&mediatype=Photo”] As we noted earlier, Bill Gross has an incredibly shrill and gloomy new investment letter out. He talks about financial implosion and the end of economic life as we’ve known if for the last half a century.So if things are this bad, and central banks are […]
[credit provider=”Bloomberg TV” url=”http://www.bloomberg.com/video/80286516/”] Bill Gross starts 2012 with a bang in a new note titled “Towards The Paranormal”, with “paranormal” being an international successor to PIMCO’s famous ‘new normal’ descriptor.Gross’ letter is very gloomy.
November was a great month for taxable bond fund managers, Reuters reports. Just not ‘bond king’ Bill Gross, manager of PIMCOs Total Return Fund (TRF).
Flickr/Jdlasica
[credit provider=”Bloomberg TV” url=”http://www.bloomberg.com/video/80286516/”] Everyone remembers when Bill Gross started dumping Treasuries and eventually went short. And no one wants to forget that more than Bill Gross (see his mea culpa).Anyways, Bill Gross has since gone long Treasuries in his PIMCO Total Return Fund.
A 12-year-old coffee mug has a permanent place on the right corner of my office desk. Given to me by an Allianz executive to commemorate PIMCO’s marriage in 1999, it reads: “You can always tell a German but you can’t tell him much.”
With no immediate resolution to the eurozone crisis, PIMCO’s Bill Gross predicts a 30% – 40% chance of a recession in the U.S.
As the eurozone debt crisis extends into its second year with no visible signs of resolution, PIMCOs Bill Gross says the eurozone is like a feuding family bound to one ‘monetary house’.
From his February 2010 letter, PIMCO’s Bill Gross wrote…
[credit provider=”YouTube”] Last night Bloomberg TV aired an hour-long talk with Black Rock’s Larry Fink and PIMCO’s Bill Gross as part of their Heavy Hitters series.There’s no denying these men know their stuff, so there were a lot of insightful moments, but none so surprising as when the conversation turned […]
[credit provider=”Bloomberg TV” url=”http://www.bloomberg.com/video/80762388/”] Tonight at 10:00 PM ET, Bloomberg TV is airing its conversation between Bill Gross and Larry Fink titled Gross | Fink: Heavy Hitters.Bloomberg TV has provided us with more appetizers from the discussion.
[credit provider=”Bloomberg TV” url=”http://www.bloomberg.com/video/80762388/”] Last night, investment titans Bill Gross and Larry Fink got together for a conversation hosted by Bloomberg TV.The debate, titled Gross | Fink: Heavy Hitters, airs Monday, November 21st at 10pm ET/7pm PT.
[credit provider=”Bloomberg TV” url=”http://www.bloomberg.com/video/80286516/”] The world is changing and the old model of debt-driven growth is now just “a flawed business model,” according to PIMCO’s Bill Gross.In an editorial published this morning in the Financial Times, Gross explains that the euro area’s “growth-snatching” policies—which allowed countries to use leverage in […]
[credit provider=”Bloomberg TV” url=”http://www.bloomberg.com/video/80286516/”] PIMCO’s Mohamed El-Erian and Bill Gross were on Bloomberg TV today.You can watch the video here.
Forbes is out with its list of the world’s most powerful people, starting with Obama, Putin and Hu.
Bill Gross’ monthly note is out, and he makes a spot-on point about what it will take to solve things in Europe, and really everywhere else.
[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:2010-04-10_Three_ratty_two-dollar_bills.jpg”] This week saw something stunning: The world’s most famous bond manager, Bill Gross, was forced to send out an apology to investors over his dismal performance this year.It’s obvious why he had to do it. With equity markets incredibly volatile, people think of their bond investments […]
[credit provider=”Bloomberg Television”] Funny, just yesterday afternoon we pointed out the irony of nobody caring about the fact that Bill Gross had loaded up the boat on the long end of the yield curve, a gamble that obviously meant one thing: He sees no growth or inflation ahead — essentially […]
[credit provider=”via PIMCO”] This week, bond god Bill Gross just made a super-long bet on the long end of the yield curve, coming right after a historic rally in fixed income.It was a gigantic shift from his stance earlier this year, when he bet against Treasuries — a bet that […]
[credit provider=”Bloomberg Television”] When you’re considered to be a “bond god” and you go short the bond market ahead of a historic rally, and end up as one of the worst bond managers of the year, that doesn’t help on the fundraising front.WSJ Marketbeat reports that the fundraising numbers at […]
Remember how much attention PIMCO’s Bill Gross got when he went short Treasuries earlier this year?
One of the richest, biggest investors around seems to be 100% on the side of the Occupy Wall Street Protesters.
Bloomberg Markets just put together a list of the most influential figures in finance.
Earlier this year, the world’s most famous bond investor, Bill Gross, was short U.S. government debt.
[credit provider=”Ed Yourdon via Flickr” url=”http://www.flickr.com/photos/yourdon/2573762303/in/
[email protected]/”] To Bill Gross of PIMCO, three marriages in the global economy are turning sour.In his most recent investor note, Gross decries European countries that are “sleeping around,” an American dream that has lost its romance, and a relationship between Asian producers and Western consumers […]
[credit provider=”AP Images” url=”http://www.apimages.com”] Does Bill Gross wish he owned more Treasuries right now?
, to AA+, despite White House claims that its analysis was off by trillions. The ratings agency confirmed the error but maintained its rating.
Bill Gross’s big bet against US Treasuries didn’t work out well (latest yield on the 10-year is 2.70%), but nevertheless, as a gigantic bond investor his opinion on debt matters always matters… and obviously he’s pretty underwhelmed by the latest “deal.”
One of the biggest bond bears is now a buyer.
[credit provider=”Courtesy of Jade Mills Realty/AP Images”] Bill Gross bought Jennifer Aniston’s Beverly Hills home for $37 million, according to The Real Estalker.Gross is currently trying to sell an empty plot of land on Newport Beach’s exclusive Harbor Island for $26.5 million, and he also teo homes in Laguna Beach, […]
Despite the imminent end of QE2 — and the fact that Bernanke has made it fairly clear that QE3 is not imminent — Treasuries keep grinding higher, moving against bond god Bill Gross, who has said they’re due to tank.
In a tweet, Bill Gross of PIMCO just predicted that QE3 would be revealed in August at Jackson Hole.
[credit provider=”www.flickr.com and Bill Gross” url=”http://www.flickr.com/photos/mstreb/301178995/”] PIMCO’s Bill Gross joins the chorus of big names who say college isn’t worth it in his latest investment letter.Gross says college was always a joke, but at least it used to get you a job:
[credit provider=”via PIMCO”] PIMCO bond god Bill Gross has warned repeatedly in the past that the US is facing major fiscal problems.So you might be surprised by his stance on spending cuts:
[credit provider=”Tech Ticker”] That’s pretty much the only way can interpret the latest from Bill Gross…The “bond god” — who has been one of the worst performing managers this year thanks to his bearish view on Treasuries — is now sounding like Marc Faber or some other doomsayer, warning that […]
[credit provider=”Courtesy of First Team Estates”] Pimco founder Bill Gross bought a $23 million house on Newport Beach’s Harbor Island in 2009, and tore it down (via CNBC).Now, Gross is selling the empty lot for $26.5 million. The lot has 112 feet of Newport Harborfront property and was formerly owned […]
We don’t mean that as an insult, we mean that literally… what exactly is bond god Bill Gross thinking now, in regards to his prediction of higher rates post QE?
Update: It appears we totally misread the tweet below, and that it was meant very literally, that next week WSJ will report a PIMCO/Lehman story, and now PIMCO is pre-empting that.
Pimco’s Bill Gross spoke to Bloomberg Television today about his company’s positions in the U.S. treasury market, and his views on the U.S. recovery. On his company’s 2011 performance, Gross says “don’t cry for Pimco,” as his firm is beating two thirds of all other bond managers.
[credit provider=”AP” url=”http://itunes.apple.com/au/podcast/saicast/id419902729″] SUBSCRIBE TO THIS PODCAST ON ITUNES HERE >>In an inteview with Michael Scott (not Steve Carell’s character in The Office), the first CEO of Apple told Jay Yarow that Steve Jobs is the type of person who will always let you know what he’s thinking.
Bill Gross has been the chief proponent of the idea that the end of QE2 will lead to a spike in interest rates, thus justifying his bet against US Treasuries.
Bill Gross was on Bloomberg Television’s “InBusiness with Margaret Brennan” today to discuss the bond market, the U.S. deficit and European debt crisis. The number one we were interested in was whether Bill Gross is short on treasuries or not. Here is what he said:
[credit provider=”Bloomberg Television”] Some notes, courtesy of Bloomberg Television from Bill Gross’ appearance there.The full video is embedded below.
[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Conga_line_roller_skating.jpg”] Bond dealers and fund managers don’t buy John Boehner’s route to fixing the debt crisis: they doubt that that spending cuts by themselves will remedy the budget problem; tax hikes, though unwanted, are pretty much mandatory.According to Reuters,
[credit provider=”via PIMCO”] This month’s column is about Bill Gross, who heads Pimco, the world’s largest bond fund. We spent a couple of hours talking about his portfolio, and why he’s bearish on Treasury bonds. When this news came out, a lot of commentators seemed to think that this meant that […]
[credit provider=”via PIMCO”] In early April, Bill Gross went short US Treasuries, after warning about US creditworthiness and inflation for a long time.He got clocked on that bet. Treasuries had their best month in 8 years.
Suddenly, Bill Gross’ short bet against Treasuries is not only looking wrong, but also unpopular.
[credit provider=”via PIMCO”] We’ve been chronicling the steady failure of Bill Gross’ attempt to short Treasuries lately, using the dubious idea that the end of QE will shoot rates higher.Well, it sounds like he’s less and less enamoured with that on.e
A quick update on the infamous Bill Gross short Treasuries trade.
We’re a little disappointed. Bill Gross’ latest monthly letter isn’t warning of a US default or some other catastrophe.
[credit provider=”Documentally” url=”http://www.flickr.com/photos/christianpayne/3208096714″] Twitter has signed a deal to buy Tweetdeck for cash and stock worth $40 million to $50 million, reports Michael Arrington at TechCrunch.The Wall Street Journal first reported that talks were underway last month, but a source told TechCrunch that the deal is done and will be […]
April 11 was the day Bill Gross went short Treasuries.
Bill Gross’s case against bonds basically boils down to this:
[credit provider=”via PIMCO”] Bill Gross is back, this time popping at Bloomberg to reiterate his bearish call on Treasuries (which he’s short).This time he’s not talking default or anything quite so dramatic — he just doesn’t like how much he’s getting paid to hold onto them: “I could join the […]
via PIMCO
[credit provider=”AP Images” url=”http://www.apimages.com”] Since Bill Gross’ Treasury short was announced, Treasuries have only rallied gone higher.One way he could end up spectacularly right is if the debt ceiling isn’t raised and the US goes into some kind of technical default. JPMorgan recently explained how that would likely sent yields […]
Lots of folks are talking today about how Bill Gross got his Treasury short right, since the US just got its outlook downgraded.
PIMCO’s Bill Gross has been uber-negative on US Treasuries in part on the notion that when QE2 runs out, there will be nobody left to buy our debt.
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Bill Gross’ PIMCO is short Treasuries, and he’s been very vocal about this idea that interest rates will rise once QE2 ends because, well… who’s going to be there to buy the bonds?
As the American equity markets have come back strongly in 2011, many investors are growing increasingly concerned that the Federal Reserve will have to raise rates in the near future in order to combat rising commodity prices in an effort to stop inflation from wrecking havoc on the U.S. economy.
Just one day, but given Bill Gross’ track record when betting against Treasuries, we thought we’d point it out…
The news that PIMCO is short US Treasuries prompted a lot of predictable howling today.
A great point from PragCap regarding the news that Bill Gross’ PIMCO is short Treasuries.
We are really beginning to love Bill Gross’ investor outlooks.
PIMCO boss Bill Gross has been warning against Treasuries for a while, and recently he abandoned them completely.
The U.S. economy grew at roughly 3% in the fourth quarter of 2010, the stock market is in the midst of a massive two-year rally and, while still high, the unemployment rate is at its lowest level since April 2009.
Add PIMCO founder Bill Gross to the list of wealthy Americans who think they aren’t being taxed enough, already.
Debt, debt and more mounting debt is plaguing countries around the globe.
In his latest monthly note, PIMCO’s Bill Gross said he didn’t know who would be buying Treasuries after QEII ended this summer. He said, specifically, that he wanted out of the market.
If Ben Bernanke had never stepped into the markets via the Fed’s quantitative easing program, where would our level of interest rates currently be? What about equities, commodities, and our greenback? I think the following are easy assumptions to make:
Back in the day, Bill Gross was just a regular 21-year old, non-billionaire, like the rest of us.
In his latest note, Bill Gross wonders who will buy Treasuries when the Fed stops.
To hear enthusiasts tell it, the technique of additive manufacturing, better known as 3D printing, has the potential to change not just manufacturing, but the world.
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John Hague is credited with being the man who helped Bill Gross build PIMCO into the manager of the word’s largest mutual fund.
TweetDeck was just acquired by Bill Gross’s UberMedia, who’s aggregating Twitter users in an effort to make money off of it.
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