Bill Gross Financial Quotations

Favouring employment versus the financial markets is a decent policy; certainly not beneficial for the currency or the gilt market, but beneficial for the people.

He's very learned, very astute and well-spoken. He's demonstrated an ability to be political when necessary, which is a function of a good Fed chairman, and has demonstrated his depth of understanding of economics and the relationship between economics and financial markets.

Either way, ... we pay the price: higher import costs, a cutback in spending on cheap foreign goods, rising inflation, perhaps chaotic financial markets, a lower standard of living.

If financial assets no longer work for you at a rate far and above the rate of true wealth creation, then you must work longer for your money.

If Fed Funds were expected to rise in the future, the curve would be positive with intermediate and long bonds requiring higher yields as a cushion against accelerating short rates. If the Fed were expected to lower rates, a flatter, even inverted curve might result. It's not that this academic theory has been dislodged in recent years but it may have been asked to take a seat next to the increasingly important variable of global financial flows. These flows, no doubt, rely critically on the willingness of foreign investors to hold U.S. assets in the face of potential currency and asset price depreciation.