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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
Companies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders.
BILL GROSS

Equity Expenses Return
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.
BILL GROSS

Running Thinking Way
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.
BILL GROSS

Analysis Aspect Judging
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

Creditors Dollars Sanity
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
In questioning initially whether I am a great investor, I open the door to question whether other similarly esteemed public icons like Bill Miller are as well.
BILL GROSS

Doors Icons might Question
Damn inflation, full speed ahead,’ Greenspan has said in both action and word. I think an investor should believe him and invest accordingly.
BILL GROSS

Action Believe Inventor Thinking
Whenever I read the newspaper, I say to myself, ‘At least my wife loves me.’
BILL GROSS

Newspapers Wife Wives Love
Pay per click was just the beginning. The real evolution is pay per action.
BILL GROSS

Action Click Pay Real
Accountants, machinists, medical technicians, even software writers that write the software for “machines” are being displaced without upscaled replacement jobs.
BILL GROSS

Jobs Political Writing
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 GROSS

Order Safety Trying
Even if a country can print its own currency and write its own cheques.
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Country Currency Even Out Print
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 GROSS

Debt Government Movement
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.
BILL GROSS

Mean Thinking 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
BILL GROSS

Long Naked Swimming

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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