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.
BILL GROSSDollar 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.
More Bill Gross Quotes
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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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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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People have different impressions of themselves, and where reality lies is somewhere in between.
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Do you really like a particular stock? Put 10% or so of your portfolio on it. Make the idea count … Good [investment] ideas should not be diversified away into meaningless oblivion.
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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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Bonds despite their ridiculous yields will not easily be threatened with a new bear market.
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Damn inflation, full speed ahead,’ Greenspan has said in both action and word. I think an investor should believe him and invest accordingly.
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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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Well, I, you know, I think at PIMCO we always try and be open with the press and the public. I mean, isn’t that what voters want from their politicians? Mohamed El-Erian, our CEO, writes several op-eds a week.
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You know those adages about smelling the roses and chasing butterflies? The markets are my butterflies and my roses.
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I have a 41-year track record of investing excellence… what do you have?
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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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Pay per click was just the beginning. The real evolution is pay per action.
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If companies don’t know that they can run out of money, they won’t be thinking of ways not to run out of money.
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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.
BILL GROSS