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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.

Bill Gross

Imperceptibly, the developed world’s manufacturing base was gradually eroding and being replaced by securitized finance that destroyed itself and nearly its economies in 2008.
BILL GROSS

Develop Economy Finance Manufacturing World
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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Bankers Capital Long Management Wall
Whenever I read the newspaper, I say to myself, ‘At least my wife loves me.’
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Newspapers Wife Wives Love
When you’re underperforming the index, you go home at night and cry in your beer. It’s not fun, but who said this business should be fun. We’re too well paid to hang our heads and say boo hoo.
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Beer Fun Home
Finding the best person or the best organization to invest your money is one of the most important financial decisions you’ll ever make.
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Decision Important Organization
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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Mean Thinking Writing
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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Ideas Oblivion Portfolios
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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Decay Real Vampire
We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.
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Austerity Long Many
Bonds despite their ridiculous yields will not easily be threatened with a new bear market.
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Bears Ridiculous Yield
Accountants, machinists, medical technicians, even software writers that write the software for “machines” are being displaced without upscaled replacement jobs.
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Jobs Political Writing
When the tide goes out, you get to see who’s swimming naked. PIMCO has had its bathing suit on for a long time
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Long Naked Swimming
The market can move for irrational reasons, and you have to be prepared for that, … you need to make big bets when the odds are in your favor — not big enough to ruin you, but big enough to make a difference.
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Differences Moving Odds
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.
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Debt Government Movement
People have different impressions of themselves, and where reality lies is somewhere in between.
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Lying People Reality
I would admit Im an introvert. I dont know why introverts have to apologize.
BILL GROSS

Apologizing Introvert Knows

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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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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Popular Authors

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