Obama’s Crony Capitalism (PIMCO Management Now in Bed with the White House)
1/8/2013, 7:13:30 AM · by SeekAndFind · 7 replies
Reason ^ | 01/08/2013 | Ira Stoll
On the Friday before Christmas, President Obama announced that he was appointing Mohamed A. El-Erian, the CEO of Pacific Investment Management Company, as the chairman of his Global Development Council. The announcement didn’t get much attention, but it should. It exemplifies what’s wrong with Obama’s approach to economic policy, which amounts to: insult rich people as “fat cats,” raise their taxes, and then choose a favored few of them for special access. If you’re not familiar with El-Erian, you must not be watching CNBC or attending the World Economic Forum at Davos. The son of an Egyptian ambassador to France...
The firm that Gross founded, ousted him.
PIMCO’s Bill Gross: Still Early/Wrong, And Now Even Earlier/Wronger. Bond Yields are Down.
5/27/2011, 6:32:39 AM · by SeekAndFind
Wall Street Journal ^ | 05/26/2011 | Mark Gongloff
The yield on the 10-year Treasury note is now at 3.06%, its lowest of the year, well below its 200-day moving average and starting to worry the psychologically important 3% level, which it hasn’t broken since last December. It will not break that level any time soon, however, Pimco chieftain Bill Gross declared to Bloomberg TV today. He once again stood by his call that bond yields will rise once the Fed stops buying bonds under its QE2 program in June, a call he has been making since early March, while watching bond yields march steadily lower.
I know for certain Hillary would have caused a serious financial hit on my family.
Bill Gross the “Bond King” says Buy Gold, Not Bonds
9/11/2012, 8:29:15 PM · by dennisw · 20 replies
washingtons ^ | September 10, 2012 | Washingtons
Bill Gross Says that Gold Holds Its Value, While – In an Era of Central Bank Money Printing- Paper Money Doesn’t Bill Gross – the world’s pre-eminent bond fund manager, nicknamed the “Bond King” – is the boss at Pimco, the world’s largest bond fund, with $1.8 trillion dollars under management. Gross told Bloomberg: [There’s] a diminished or dying cult of both bonds and stocks from the standpoint of a belief that they can return 10% …. Gold can’t be reproduced.
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Bullshit as usual.
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Bill Gross: We’re Witnessing the Death of Equities
8/1/2012, 4:34:00 PM · by TigerLikesRooster · 26 replies
WSJ ^ | 07/31/12 | Steven Russolillo
July 31, 2012, 3:03 PM Bill Gross: We’re Witnessing the Death of Equities By Steven Russolillo The bond king says stocks are dead. Bill Gross, Pimco’s co-founder and co-chief investment officer, says stock investors should think again about the age-old “buy-and-hold” investing mantra. He says consistent, annual returns are a thing of the past. “The cult of equity is dying,” Bill Gross wrote in his August Investment Outlook. “Like a once bright green aspen turning to subtle shades of yellow then red in the Colorado fall, investors’ impressions of ‘stocks for the long run’ or any run have mellowed as.
What are they gonna do?
Make us watch Timothy Dalton movies?
"SUFFER". "ANGRY". "RACIST". "HATE". "HURT".
(feel free to add your own.)
PIMCO Dumps All Remaining Treasuries in Total Return Fund; Six Reasons to Fade Bill Gross
Global Economic Trend Analysis ^ | 03/11/2011 | Mike Shedlock
Posted on 3/11/2011, 6:39:48 AM by SeekAndFind
Pimco’s Bill Gross has been dumping US government debt in favor of other alternatives including emerging-market opportunities. Looking ahead, I think it’s more likely to be a bullish setup for treasuries than not.
First, please consider the news.
Bloomberg reports Pimco’s Gross Eliminates Government Debt From Total Return Fund
Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., eliminated government-related debt from his flagship fund last month as the U.S. projected record budget deficits.
Pimco’s $237 billion Total Return Fund last held zero government-related debt in January 2009. Gross had cut the holdings to 12 percent of assets in January, according to the Newport Beach, California-based company’s website. The fund’s net cash-and-equivalent position surged from 5 percent to 23 percent in February, the highest since May 2008.
Yields on Treasuries may be too low to sustain demand for U.S. government debt as the Federal Reserve approaches the end of its second round of quantitative easing, Gross wrote in a monthly investment outlook posted on Pimco’s website on March 2. Gross mentioned that Pimco may be a buyer of Treasuries if yields rise to attractive levels.
Treasury yields are about 150 basis points too low when viewed on a historical context and when compared with expected nominal gross domestic product growth of 5 percent, he wrote in the commentary. The Fed is scheduled to complete purchases of $600 billion of Treasuries in June.
Gross in his February commentary urged investors to reduce holdings of Treasuries and U.K. gilts and buy higher-returning securities such as debt from emerging-market nations. “Old- fashioned gilts and Treasury bonds may need to be ‘exorcised’ from model portfolios and replaced with more attractive alternatives both from a risk and a reward standpoint,” Gross wrote.
Gross last month increased holdings of emerging-market debt to 10 percent, the highest since October, from 9 percent in January. He cut holdings of mortgage securities to 34 percent from 42 percent in January
http://freerepublic.com/focus/f-bloggers/2687172/posts
Another pro Obama, Market expert has had problems since outing himself.
Warren Buffett faces worst year on stock market since 2009
https://www.ft.com/content/6fec0040-ae4b-11e5-993b-c425a3d2b65a
Dec 29, 2015 - Investment guru Warren Buffett is headed for his worst year relative to the ... “Over time, stock prices and intrinsic value almost invariably converge,” he wrote in February. .... Buffett’s decline began when he became a big Obama supporter!
Hmmmm, I’ve never heard benefits described with the word “brunt” till now.
They are already blaming the .5% mortgage rate hike on Trump, when it’s been in the planning stages for MONTHS.