With all this consumer debt, business debt, government debt, smaller movements in interest rates have a magnified effect. a small movement can tip the boat.
BILL GROSSSlow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.
More Bill Gross Quotes
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Bonds despite their ridiculous yields will not easily be threatened with a new bear market.
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Bond investors are the vampires of the investment world. They love decay, recession – anything that leads to low inflation and the protection of the real value of their loans.
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Even if a country can print its own currency and write its own cheques.
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Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That’s where they want to go.
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Ex-Fidelity mutual fund manager Peter Lynch was certainly brilliant in one respect: he knew to get out when the gettin was good.
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Retrain, rehire into higher paying and value-added jobs? That may be the political myth of the modern era. There aren’t enough of those jobs.
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Companies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders.
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Why is it possible to rescue S&L buccaneers in the early ’90s and provide guidance to levered Wall Street investment bankers during the 1998 long-term capital management crisis, yet throw 2 million homeowners to the wolves in 2007?
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I would admit Im an introvert. I dont know why introverts have to apologize.
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Whenever I read the newspaper, I say to myself, ‘At least my wife loves me.’
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We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.
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Pay per click was just the beginning. The real evolution is pay per action.
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Accountants, machinists, medical technicians, even software writers that write the software for “machines” are being displaced without upscaled replacement jobs.
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Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.
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Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries.
BILL GROSS