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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

You know those adages about smelling the roses and chasing butterflies? The markets are my butterflies and my roses.
BILL GROSS

Butterflies Butterfly Chasing Rose
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
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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Equity Expenses Return
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
Whenever I read the newspaper, I say to myself, ‘At least my wife loves me.’
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Newspapers Wife Wives Love
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
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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Enough Jobs Myth People
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
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.
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Creditors Dollars Sanity
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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Brilliant Fidelity Fund Mutual
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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Running Thinking Way
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
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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Order Safety Trying
Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.
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Debt GDP Growth Slow
Whether a tops-down or bottoms-up investor in bonds, stocks, or private equity, the standard analysis tends to judge an investor or his firm on the basis of how the bullish or bearish aspects of the cycle were managed.
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Analysis Aspect Judging
We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.
BILL GROSS

Austerity Long Many

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.

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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.

Related Topics

Popular Authors

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