Pimco's co-CIO discusses market strategy and how his firm has priced the fixed-income market.» Read More
Look for a huge corporate spin-off, a major apparel merger, rock bottom bond yields, hedge fund failures and an election defeat for President Obama.
Most investors for the next several years will be lucky to get a 5 percent return in their portfolios thanks to the growth-constricting debt problems in the U.S. and Europe, Pimco's Bill Gross said.
The world is changing and the old model of debt-driven growth is now just "a flawed business model," according to PIMCO's Bill Gross.
If you were looking for any investment with double-digit returns, you're out of luck, Pimco co-CIO told CNBC Tuesday. "There are no double-digit returns in any asset class" including stocks, bonds and real estate, Gross said, and won't be for the next few years.
Bill Gross, PIMCO founder & co-CIO, sheds insight on what he believes the Fed will do.
Last night I had the pleasure of speaking with Pimco's Bill Gross, one of America’s most famed investors, on CNBC’s Kudlow Report.
Betting against US debt was a mistake, says Bill Gross, PIMCO founder & co-CIO. David Goldman, former BofA fixed income research head, and Scott Nations, NationsShares, weigh in.
"Obviously in hindsight it¿s a bit of a mistake. Treasuries makes up roughly a quarter of the US bond market so saying we¿re going to completely abandon them in a fund as large as the one Bill Gross runs is a huge bet and it¿s a huge bullish bet on the credit markets, it¿s a huge bearish bet on government bonds. Now clearly that hasn¿t come true but economic conditions have deteriorated far quicker than either we or Pimco could have anticipated. And the Federal Reserve has made this additional commitment in the last couple of weeks. It has really supported the government bond market and that¿s to detriment of many other asset classes in the fixed income universe"¿ Guy Lebas, chief fixed income strategist at Janney Montgomery Scott
After a 512-point drop, a look at just what happened today, as all three of the averages entered correction territory, with Bill Gross, IMCO founder and CIO; Nouriel Roubini, NYU Stern School of Business; and CNBC's Scott Wapner, Bob Pisani, Mandy Drury, Simon Hobbs and Brian Sullivan. Also, a look at the Asian market opens.
The Federal Reserve likely will launch its next round of quantitative easing later this month with language that will set a specific target for inflation, Pimco's Bill Gross told CNBC.
Is the country's fiscal situation a "wild frontier"? Bill Gross, PIMCO founder/Co-CIO reveals where he is investing right now.
So apparently Bill Gross this morning tweeted a prediction that Ben Bernanke will announce a new round of monetary easing at the annual shindig in Jackson Hole.
Brill Gross joined the chorus of college skeptics today.
It’s still not easy being Meredith Whitney.
When adding in all the future liabilities in entitlement programs, the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco's Bill Gross told CNBC Monday.
Bill Gross, Pimco founder & co-CIO, says banks haven't been aggressive buyers of Treasurys up to this point. "We always wondered who will buy Treasurys," he tells CNBC's "Squawk Box."
Two years ago Pimco founder Bill Gross spent $23 million to buy a house in Newport, Calif.'s Harbor Island. The place was 11,000 square feet, with nine bedrooms, 12 baths and a lawn that lead down to the bay.
Bond King Bill Gross of Pimco says go where the growth is- which means stay out of US stocks and bonds. Is he right?Steven Cortes, Veracruz, and Joshua Siegel, Stonecastle Partners, assess.
Treasuries are the most overvalued bond in the universe, Pimco's Bill Gross tells CNBC's Larry Kudlow.
Put a frog in a pot of water at room temperature and he will try and adapt to his surroundings as the heat is turned up, leading to frogs legs for dinner. Bill Gross, the co-CEO of PIMCO uses the story to highlight the dangers facing bond investors who have enjoyed solid total returns so far this year.