Photo: Bloomberg TV
Last night, investment titans Bill Gross and Larry Fink got together for a conversation hosted by BloombergTV.The debate, titled Gross | Fink: Heavy Hitters, airs Monday, November 21st at 10pm ET/7pm PT.
We have some of the highlights below, provided to us by Bloomberg TV.
You can watch some clips of it here and here, and we’ve been provided with some quotes from the debate which are below. A lot of it is kind of political/policy-oriented, at least from what we’ve seen so far.
However there is some investment advice.
Fink on whether now is an appropriate time to be taking risk in investments:
“I think Chairman Bernanke is telling you to get out of bonds. I mean, he’s pricing bonds to such low levels and they’re continuing to buy these securities that, you know, it’s impossible for me as a long-term investor to own bonds.”
Fink on Fed easing policies:
“I was a big believer of quantitative easing 1 and 2. I think Operation Twist was a mistake. And any more form of quantitative easing I would find troublesome. The Federal Reserve has two responsibilities: Manage monetary policy. And they are the prime regulator of our banking system. So I think the Federal Reserve needs to be thinking more towards counter cyclical types of regulatory supervision.”
Read more of the transcript here.
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